Apollo Funds Acquire Majority Stake in Total Operations and Production Services (TOPS)

Apollo Funds and Alpine Investors Acquire Minority Stake in Apex Service Partners

May 29, 2026

IT Services

Apex Service Partners entered into a definitive agreement for Apollo Funds (funds managed by affiliates of Apollo Global Management) to acquire a minority stake in the company. Alpine Investors, Apex’s existing investor, will also make an additional investment alongside Apollo to support Apex’s continued growth, including expansion of its national footprint, multi-trade service offerings, and technology/workforce infrastructure.

Capstreet Acquires TOPS Field Services, LLC

January 29, 2026

Industrial Services

Capstreet, a Houston-based lower middle market private equity firm, acquired TOPS Field Services, LLC, a provider of turbine maintenance and outage services for gas/steam turbines, LNG equipment, and generators. The management team, including founder and CEO Toby Wooster, will remain with the business, and financial terms were not disclosed.

LandGate Corp. Acquires Topos

December 18, 2025

Data & Analytics

LandGate Corp. has acquired Topos in an all-cash transaction to integrate Topos’ AI-powered insights for faster due diligence on battery storage, renewable energy and power projects into LandGate’s site-selection platform. The deal expands LandGate’s data and AI capabilities—reducing time-to-market for energy and infrastructure projects and strengthening its position serving developers, utilities, ISOs and financial sponsors.

Apollo Funds Acquire Majority Stake in Bold Production Services

February 12, 2025

Energy

Funds managed by Apollo affiliates have acquired a majority interest in Bold Production Services, a Houston-based provider of contracted natural gas treatment solutions. The investment will support Bold's growth and expansion of its fleet and services to meet rising U.S. natural gas demand across Permian and Eagle Ford basins.

Archrock Acquires Total Operations and Production Services (TOPS)

July 22, 2024

Oil & Gas

Archrock, Inc. will acquire Total Operations and Production Services, LLC (TOPS) from investment funds managed by affiliates of Apollo Global Management in a cash-and-stock transaction valued at $983 million. The deal adds approximately 580,000 horsepower (predominantly electric motor drive compression), deepens Archrock's Permian Basin footprint and electric compression capabilities, and is expected to be immediately accretive to earnings and cash available for dividend per share.

Black Bay Energy Capital Invests in Total Operations and Production Services (TOPS)

August 14, 2019

Energy

Black Bay Energy Capital, an energy-focused private equity firm, has made an investment in Total Operations and Production Services (TOPS), a Midland, Texas-based provider of electric and gas-driven compression systems focused on gas lift applications in the Permian Basin. The partnership will provide capital and industry expertise to support TOPS' growth plans and expansion of its electric compression and automation capabilities.