Tech Company Financing Transactions
Service Compression Funding Round
Service Compression, operating out of Lubbock, received investment capital from Warburg Pincus.
Transaction Overview
Company Name
Announced On
1/22/2024
Transaction Type
Venture Equity
Amount
Unknown
Round
Undisclosed
Investors
Proceeds Purpose
The company plans to use net proceeds from the combined transactions to repay outstanding borrowings on its existing credit facility with funds managed by Crestline Investors, Inc. and its affiliates and for growth of the Company, including its equipment fleet, as well as working capital support.
Company Information
Company Status
Private & Independent
Industry
Engineering
Mailing Address
2523 86th Street
Lubbock, TX 79423
USA
Lubbock, TX 79423
USA
Phone
Website
Email Address
Overview
Service Compression is a leading provider of compression services for exploration and production companies at the wellhead. We are focused on advancing the ESG (environmental, social, and governance) initiatives of the upstream oil and gas sector through our differentiated service and technology offerings. Service Compression is headquartered in Lubbock, Texas, with field offices in Texas, New Mexico, Oklahoma, and Arkansas.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Financial Officer
Cheryl Overbey
Chief Operating Officer
Jonathan Waggoner
President
Rhett Newberry
VP - Operations
Don Smith
VP - Sales
Kevin Goodrum
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About Our Venture Capital Transactions Database
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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