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PE-backed Southern Petroleum Laboratories merges with Atchafalaya

Southern Petroleum Laboratories Inc., a portfolio company of middle-market private equity firm Industrial Growth Partners, bought fellow hydrocarbon-measurement services provider Atchafalaya Measurement Inc. for an undisclosed amount.

Southern Petroleum said the merger allows the companies to provide enhanced production measurement and related services to the upstream and midstream sectors, with operations across major U.S. oil and gas plays. Nick Trahan will join Southern Petroleum and remain president of Atchafalaya.

Twin Brook, Angelo Gordon & Co. LP's middle-market direct lending arm, was administrative agent on financing to support the acquisition and a refinancing of SPL.