Black Bay Energy Capital has promoted Matt Schovee to principal and Sam Scofield to senior associate. Also, the energy-focused private equity firm has expanded associate Will Alpaugh’s role to include origination and business development activities. And, Black Bay has hired Jack Wood as an analyst.
NEW ORLEANS–(BUSINESS WIRE)–Black Bay Energy Capital (“Black Bay”), a private equity firm focused on growth investments for innovative companies in the energy sector, is pleased to announce several promotions, a team addition, and new Strategic Advisory Board members.
Matt Schovee has been promoted to Principal. Matt is one of Black Bay’s founding members and focuses on origination, structuring, due diligence, and monitoring of investments. Matt serves on the board of directors at Altitude Energy Partners and SCS Technologies.
Sam Scofield has been promoted to Senior Associate. Sam joined the firm in 2019 after several years in the oil & gas investment banking group at BMO Capital Markets. At Black Bay, Sam focuses on due diligence and monitoring of investments. Sam serves on the board of directors at Piñon Midstream, LLC (“Piñon”).
Will Alpaugh’s role has been expanded to include origination and business development activities. Will joined the firm in 2018 as an Associate. At Black Bay, Will focuses on sourcing and evaluating new investment opportunities, due diligence, and monitoring of investments.
Jack Wood has joined Black Bay as an Analyst. Jack focuses on investment research and due diligence.
In addition, Floyd Hammond and Doug Hayes have been added to Black Bay’s Strategic Advisory Board (“SAB”). Mr. Hammond is the Chief Operating Officer of Ameredev II, LLC, a Permian Basin-focused oil & gas producer. Mr. Hammond serves on the board of directors for Piñon. Mr. Hayes is an executive with over 40 years of experience in the oil & gas industry, with most of his time spent in the upstream and midstream production chemical sectors. Mr. Hayes serves on the board of directors for NexGen Oilfield Chemicals and Clean Chemistry.
“Matt, Will, Sam and Jack have been instrumental in helping Black Bay scale its investment activities and monitor its portfolio of rapidly growing companies. We are also thrilled to have Floyd and Doug join our advisory board given their deep experience and extensive network in the industry,” said Michael LeBourgeois, Managing Partner of Black Bay. “Black Bay has worked with Floyd and Doug for years, and they both serve on Black Bay portfolio company boards. Their technical knowledge and operating experience have been extremely valuable to Black Bay as we are evaluating investment opportunities and growing our portfolio companies,” added Mr. LeBourgeois.
Black Bay Energy Capital
Black Bay Energy Capital (“Black Bay”) is a private equity firm focused on the North American energy sector. Black Bay invests equity capital alongside talented entrepreneurs that provide a differentiated product or service to their clients to help reduce costs, improve operations, and achieve ESG initiatives. The firm’s investment strategy and success stem from the more than 75 years its investment professionals have been working day-to-day with great teams and building high-growth companies. www.blackbayenergy.com