BETHESDA, Md.–(BUSINESS WIRE)–Enviva Partners, LP (“Enviva Partners” or the “Partnership”) today
announced the pricing of its initial public offering of 10,000,000
common units representing limited partner interests at $20.00 per common
unit. The common units are expected to begin trading on the New York
Stock Exchange on April 29, 2015 under the ticker symbol “EVA.” In
addition, the Partnership has granted the underwriters a 30-day option
to purchase up to an additional 1,500,000 common units at the initial
public offering price. The offering is expected to close on May 4, 2015,
subject to customary closing conditions.

Upon the consummation of the offering, the public will own common units
representing a 42.0% limited partner interest in the Partnership (or
48.3% if the underwriters exercise in full their option to purchase
additional common units). Enviva Holdings, LP (the “Sponsor”) will own
common units and subordinated units representing a 58.0% limited partner
interest in the Partnership (or 51.7% if the underwriters exercise in
full their option to purchase additional common units).

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. The net proceeds from any exercise of the underwriters’
option to purchase additional common units will be used to pay a
distribution to the Sponsor.

Barclays Capital Inc., Goldman, Sachs & Co., RBC Capital Markets, LLC
and Citigroup Global Markets Inc. are acting 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 are acting as co-managers for the offering. The
offering of these securities is being made only by means of a prospectus
meeting the requirements of Section 10 of the Securities Act of 1933, as
amended. When available, 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.