Fishman Haygood Client Black Bay Energy Capital Makes Two Major Energy Deals

This spring, Black Bay Energy Capital, a private equity firm focused on the North American energy sector, closed two deals: The first was the launch of a new infrastructure solution, and the other was the sale of a leading electric driven gas lift compressions systems provider. Black Bay invests equity capital in entrepreneur-led businesses that provide products or services which help their clients reduce costs, improve operations, and achieve ESG (environmental, social, and governance) initiatives.

On April 27, 2021, Piñon Midstream, a sour gas treating and carbon capture infrastructure solution in the Delaware Basin, announced the construction of its Dark Horse Sour Gas Treating and Carbon Capture Facility and pipeline infrastructure in Lea County, N.M. Piñon was founded in partnership with Black Bay in December 2020. Read the full press release here.

On June 8, 2021, the Black Bay-owned Total Operations and Production Services, LLC (TOPS) was acquired by Apollo Global Management. TOPS is a provider of electric driven gas lift compression systems. Among other benefits, these systems offer customers better performance and lower emissions. Click here to read the press release.

In both the Piñon Midstream launch and the sale of TOPS, Fishman Haygood LLP served as legal counsel to Black Bay. The team was led by John Werner, Chip Saulsbury, and Meghan Montgomery.

Our attorneys have been involved in some of the largest M&A transactions in Louisiana, including three of the four largest statewide transactions. We represent acquirer and target companies in a variety of transactions involving mergers, negotiated stock acquisitions, asset acquisitions, and other corporate restructuring transactions. Click here to learn more about the firm’s M&A group.