Service Compression, LLC (“Service Compression” or the “Company”), a leading provider of natural gas compression services, today announced the successful closing of its acquisition of substantially all assets of Axip Energy Services, LP (“Axip”). The transaction marks a significant milestone for Service Compression and advances the Company’s strategy to build a scaled, technology-enabled, full-service compression …
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Service Compression, LLC (“Service Compression” or “SC”), a leading provider of natural gas compression services to exploration and production companies, today announced the successful upsize of its asset‑based loan (ABL) credit facility to $400 million, representing a $100 million increase from the prior facility. The upsized facility closed on [December 17, 2025], and is led …
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On Sunday, May 11, SC welcomed our team, investors, clients, families, and friends to Texas Motor Speedway for the Würth 400 NASCAR Cup Series. Set against the high-energy backdrop of race day, guests enjoyed fast laps, unbeatable views, and meaningful conversations with the SC community. Hosting this event in our own backyard made the experience …
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Lubbock-based service company Service Compression has received a vote of confidence with a significant upsizing of its asset-based loan credit facility. The facility, led by J.P. Morgan, has been upsized 50% to a total commitment of $300 million. “This $95 million upsize, led by J.P. Morgan, underscores the strength of our platform and the significant …
Read More from Service Compression Expands Credit Facility by $95M to Boost Permian Basin Operations
Service Compression, LLC, a Lubbock, TX-based provider of natural gas compression services for exploration and production companies, closed a preferred equity investment from Warburg Pincus, through its Capital Solutions Founders Fund. Warburg Pincus’ investment comes alongside a new credit facility led by J.P. Morgan and an additional capital raise led by existing and new shareholders. …
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Service Compression, LLC (“Service Compression” or the “Company”) today announced that the Company has closed on a commitment for $215 million of first lien senior secured credit facilities with Crestline Investors, Inc. The Company plans to direct the net proceeds from the financing to the acquisition of incremental wellhead compression in the Permian Basin and the kickoff …
Service Compression, a division of Metallenium LLC, has sold its three aftermarket service companies for an undisclosed amount. Those companies consist of the Pros Co. (Lubbock, Texas); Chrome Machine and Casting (Amarillo, Texas); and Washington Iron Works (Sherman, Texas). MKBCCS LS Operating, who made the purchase, plans to continue operating the companies as received, which …
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