Oilfield service-focused private equity firm Black Bay Energy Capital LLC announced it partnered and invested in Total Operations and Production Services Inc., according to an Aug. 14 release.
Headquartered in Midland, Texas, Total Operations and Production Services, or TOPS, provides compression products and services specializing in gas lift applications in the Permian Basin.
"TOPS is managed by an impressive, proven team who are delivering superior solutions and equipment to the customers across the Permian Basin," Michael LeBourgeois, Black Bay's managing partner, said in a statement. "The company's impressive growth, the increasing use of gas lift systems in the market and TOPS' differentiated approach make this a very exciting investment for Black Bay."
Fishman Haygood served as Black Bay's counsel for the transaction. Atkins Hollmann Jones Peacock Lewis & Lyon served as TOPS' legal counsel, while Cobalt Capital served as TOPS' financial adviser.
Financial details were not disclosed.