BETHESDA, Md.–(BUSINESS WIRE)–Enviva Partners, LP (“Enviva Partners” or the “Partnership”) today
announced the closing of its initial public offering of 11,500,000
common units representing limited partner interests at $20.00 per common
unit. The number of common units issued at closing included 1,500,000
common units that were issued pursuant to the full exercise of the
underwriters’ option to purchase additional common units. The common
units began trading on the New York Stock Exchange on April 29, 2015
under the ticker symbol “EVA.” Net proceeds from the offering were
approximately $213.6 million.

Following the closing of the offering, the public owns common units
representing a 48.3% limited partner interest in the Partnership. Enviva
Holdings, LP (the “Sponsor”) owns common units and subordinated units
representing a 51.7% limited partner interest in the Partnership.

The Partnership intends to use the net proceeds from the offering to
pay, together with borrowings under its new term loan facility, a
distribution to the Sponsor, to repay intercompany indebtedness related
to the acquisition of the Partnership’s Cottondale wood pellet
production plant and for general partnership purposes, including future
acquisitions.

Barclays Capital Inc., Goldman, Sachs & Co., RBC Capital Markets, LLC
and Citigroup Global Markets Inc. acted as joint book-running managers
for the offering, and J.P. Morgan Securities LLC, Raymond James &
Associates, Inc., Mitsubishi UFJ Securities (USA), Inc. and U.S. Capital
Advisors acted as co-managers for the offering. The offering of these
securities was made only by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended. A
copy of the final prospectus may be obtained from:

You may also get a copy of the final prospectus for free by visiting the
U.S. Securities and Exchange Commission’s (the “SEC”) website at http://www.sec.gov.

A registration statement relating to these securities has been filed
with and declared effective by the SEC. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities described above in any state
or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.

About Enviva Partners, LP

Enviva Partners, LP, a growth-oriented limited partnership, is the
world’s largest supplier by production capacity of utility-grade wood
pellets to major power generators. Enviva Partners owns and operates
five wood pellet production plants in the Southeastern U.S. that have a
combined wood pellet production capacity of approximately 1.7 million
metric tons per year and a dry-bulk, deep-water marine terminal at the
Port of Chesapeake, VA.

Forward-Looking Statements

This press release may include forward-looking statements. These
forward-looking statements involve risks and uncertainties. When
considering these forward-looking statements, you should keep in mind
the risk factors and other cautionary statements in the Partnership’s
prospectus and SEC filings. The Partnership undertakes no obligation and
does not intend to update these forward-looking statements to reflect
events or circumstances occurring after this press release. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.