SCS Technologies sees equity commitment from Black Bay Energy Capital

Black Bay Energy Capital, a private equity firm focused on the North American oilfield service sector, has completed a recapitalization of, and growth equity investment in, SCS Technologies LLC alongside the SCS management team.

Black Bay’s investment will be used by SCS to expand its product offerings, customer base, and management team, and will enable the company to pursue opportunistic acquisitions. Gene Gradick Sr., the former CEO of J-W Measurement and the broader J-W Energy enterprise, joins the SCS team as a director.

Fishman Haygood served as Black Bay’s counsel on the transaction. Romanchuk & Co. served as the financial advisor to SCS and Atkins, Hollmann, Jones, Peacock, Lewis & Lyon served as SCS’s legal counsel.

Based in Big Spring, Texas, SCS provides turnkey measurement and control system solutions for oil and gas production and midstream operators throughout the Permian Basin. The company custom designs, fabricates and installs advanced liquid measurement systems and provides related services including Programming Logic & Control (PLC) Systems, mobile meter proving services, electrical infrastructure installation and service, and other site services.

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