Warburg Pincus Makes Preferred Equity Investment in Service Compression
January 17, 2024
Warburg Pincus, through its Capital Solutions Founders Fund, made a preferred equity investment in Service Compression to refinance existing borrowings and provide growth capital. The financing — paired with a new J.P. Morgan-led credit facility and additional shareholder capital — will be used to repay prior borrowings and expand Service Compression's fleet, including electric compression units to support customers' ESG initiatives.
- Buyers
- Warburg Pincus (Capital Solutions Founders Fund)
- Targets
- Service Compression, LLC
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
Warburg Pincus Makes Growth Investment in TRC Companies
October 14, 2021
Engineering Services
Warburg Pincus has made a significant growth investment in TRC Companies to support the firm's continued expansion of environmentally focused, technology-enabled engineering, consulting and construction services. New Mountain Capital exited its investment as part of the transaction; proceeds will be used to scale TRC's compliance-focused engineering capabilities and further its work in decarbonization and utility-focused services.
-
Warburg Pincus Capital Solutions Fund Deploys Over $1 Billion Across Multiple Investments
February 6, 2025
Financial Services
Warburg Pincus’ inaugural Warburg Pincus Capital Solutions Founders Fund (WPCS FF) announced it deployed over $1 billion of capital in 2024 across nine strategic structured investments, including stakes in DriveCentric, Excelitas Technologies, Mashura, MB2 Dental, MIAX, Nord Security, Service Compression, United Trust Bank and an unnamed industrial distribution platform. The deployments were made from WPCS FF (anchored by an ADIA subsidiary) to provide tailored capital solutions to growth-stage companies across the firm’s core sectors.
-
Warburg Pincus Invests $125M in LendingPoint
January 14, 2021
Payments & Fintech
Warburg Pincus made a $125 million preferred equity growth investment in LendingPoint to support the company's expansion of financing solutions for ecommerce, point-of-sale, and financial institution partners and to enhance its data and technology platform. LendingPoint, a metro-Atlanta fintech that has originated over $2.5 billion in loans since 2015, will use the proceeds to scale products, data science, and merchant integrations.
-
Warburg Pincus Acquires Service Express from Harvest Partners
August 15, 2024
IT Services
Warburg Pincus has completed a growth investment/acquisition of Service Express from Harvest Partners. Service Express, a Grand Rapids-based provider of third-party data center maintenance and managed infrastructure services, will continue to be led by CEO Ron Alvesteffer and use the investment to support geographic expansion, go-to-market initiatives and strategic acquisitions.
-
Lion Equity Partners Acquires Global Compression Services from Warren Equipment Company
December 31, 2024
Energy
Lion Equity Partners, a Denver-based private equity firm, has acquired Global Compression Services (GCS) from Warren Equipment Company. GCS, headquartered in Midland, Texas, is a global distributor and manufacturer of OEM and aftermarket parts for reciprocating natural gas engines and compressors; Lion Equity said the acquisition will support growth, capability expansion, and operational improvements in the natural gas compression aftermarket.
-
Park Energy Services Acquires Great Texas Compression
May 20, 2022
Energy
Park Energy Services, a portfolio company of Rock Hill Capital, has acquired substantially all the assets of San Antonio-based Great Texas Compression. The add-on acquisition expands Park's service density and customer base in South Texas, enhances its compression and vapor-recovery capabilities, and was financed through an expanded senior credit facility led by Regions Bank, UMB Bank, Century Bank and Third Coast Bank SSB.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.