Crestline Investors has invested in Service Compression, a gas compression servicer.
The acquisition will grow the Service’s fleet to approximately 239,000 horsepower serving blue chip customers.
Michael Aingorn, managing director at Crestline Investors, said, “Crestline is impressed by Dusty and Rhett’s leadership and vision for Service Compression together with their focus on delivering high levels of customer service. We are excited to back the Company’s growth in its markets and expansion into electric compression—thereby de-carbonizing the oil and gas production process.”
Imperial Capital LLC served as financial advisor to the Company in connection with the financing. Baker Botts LLP served as legal counsel to the Company in connection with the financing and Bigbee & Curtis Law LLP served as legal counsel to the Company in connection with the acquisition. Haynes and Boone LLP served as legal counsel to Crestline in connection with the financing.