Black Bay Energy Capital has closed a majority recapitalization of ADS Services, a provider of critical pressure control equipment and services in the Permian Basin. No financial terms were disclosed. Fishman Haygood provided counsel to Black Bay.
PRESS RELEASE
MIDLAND, Texas–(BUSINESS WIRE)–Black Bay Energy Capital (“Black Bay”), a private equity firm focused on the North American oilfield service sector, is pleased to announce that it has completed a majority recapitalization of, and growth equity investment in, ADS Services (“ADS” or the “Company”) alongside Black Bay Strategic Advisory Board member Charlie Orbell.
