Archrock Acquires Total Operations and Production Services (TOPS)
July 22, 2024
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.
- Buyers
- Archrock, Inc.
- Targets
- Total Operations and Production Services, LLC (TOPS)
- Sellers
- Investment funds managed by affiliates of Apollo Global Management, Inc.
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Buyout
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Related Acquisitions
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Apollo Funds Acquire Majority Stake in Total Operations and Production Services (TOPS)
June 8, 2021
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Funds managed by affiliates of Apollo Global Management acquired a majority interest in Total Operations and Production Services, LLC (TOPS) from Black Bay Energy Capital. The investment will support TOPS' continued growth as a provider of low-emission, electric-driven gas compression services in the Permian Basin and expand its capabilities to serve growing demand for electrified compression solutions.
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Black Bay Energy Capital Invests in Total Operations and Production Services (TOPS)
August 14, 2019
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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.
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Capstreet Acquires TOPS Field Services
January 29, 2026
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Houston-based private equity firm Capstreet has acquired TOPS Field Services, LLC, a Huffman, Texas–based provider of inspection, overhaul and maintenance services for gas and steam turbines, LNG equipment, and generators. Management, including founder and CEO Toby Wooster, will remain with the company as Capstreet partners with TOPS to expand service offerings, enhance capabilities, and pursue geographic expansion; terms were not disclosed.
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Park Energy Services (Rock Hill Capital) Acquires Lower-Horsepower Compression Assets from Archrock
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Park Energy Services, a Rock Hill Capital portfolio company, acquired certain lower-horsepower operating compression assets from Archrock, Inc., expanding its footprint in South Texas and Pennsylvania. The deal increases Park's customer base and service capabilities as it pursues consolidation of the fragmented lower-horsepower compression segment.
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ArchKey Solutions Acquires Total Electric, LLC
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ArchKey Solutions has acquired Total Electric, LLC, a Maryland-based electrical service and maintenance provider, to expand ArchKey/Mona's regional facilities services footprint on the U.S. East Coast. Total Electric will join the ArchKey/Mona segment to broaden service capabilities and geographic reach for customers across diverse end markets.
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LandGate Corp. Acquires Topos
December 18, 2025
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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.
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