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

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