Apollo Global Management Inc. has agreed to buy a majority interest in gas transportation company Total Operations and Production Services LLC.

The private equity firm has reached a deal with current owner Black Bay Energy Capital to take a majority stake in the company, Apollo said in a statement. The deal values the company, known as TOPS, at less than $1 billion, according to a person familiar with the matter who asked not to be identified because the terms weren’t public.

Further capital to fund growth will be made available to the Midland, Texas-based company. JPMorgan Chase & Co. supported the deal with an upsized credit facility.

“Electrification of the oil and gas sector and a focus on sustainability and emissions reduction are top of mind for the industry,” said Olivia Wassenaar, senior partner and co-lead of natural resources at Apollo.

“TOPS has been an early mover in this trend through its electric driven compression equipment and services,” Wassenaar said. TOPS’ commitment to sustainability and emissions reduction aligns with Apollo’s environmental and social governance priorities, she said.

TOPS, led by Chief Executive Officer L.D. Green, provides contract gas compression services in the Permian Basin, including gas drive compression rental and sales and gas/lift injection, with a focus on electric driven compression systems.

The company, which has more than 70 employees, also has facilities in Carlsbad, New Mexico, and Yukon, Oklahoma, according to its website.