Romanchuk & Co., a boutique M&A investment banking firm focused on the energy and industrials sectors, is pleased to announce that SCS Technologies, LLC ("SCS"), a leading provider of critical liquid production measurement equipment, controls and automation solutions to oil & gas production companies and midstream operators throughout the Permian Basin, has completed a recapitalization with, and received a growth equity investment from New Orleans, Louisiana-based Black Bay Energy Capital ("BBE"), an energy private equity firm that invests in the North American oilfield services sector. Black Bay has invested alongside SCS management in order to pursue organic growth initiatives as well as strategic acquisition opportunities.
Romanchuk & Co. served as the exclusive financial advisor to SCS Technologies, LLC, as well as provided accounting consulting services in order to prepare the business for the investment process.
About SCS Technologies
Based in Big Spring, Texas, SCS provides turnkey measurement and control system solutions for oil & gas production and midstream operators throughout the Permian Basin. The Company's main line of business is the custom design, fabrication and installation of Lease Automated Custody Transfer (LACT) units, which provide for the automatic measurement, sampling and transfer of oil from the well site into a transportation system, usually pipelines or trucks. They also provide related services including Programming Logic & Control (PLC) Systems, mobile meter proving services, electrical infrastructure installation and service, and other site services. For more information, please visit their website at www.scstechnologiesllc.com.
About Black Bay Energy Capital
Black Bay Energy Capital is an energy private equity firm investing in the North American oilfield service sector. Leveraging more than 60 years of direct industry experience, Black Bay partners with high-growth companies and experienced management teams with differentiated, next-generation products, services and technology solutions that drive value and enhanced efficiency for customers in the oil & gas industry. For more information, please visit their website at www.blackbayenergy.com.
About Romanchuk & Co.
Romanchuk & Co. is a leading lower middle-market M&A investment banking firm with a focused expertise within the energy and industrials sectors. We specialize in providing sell-side M&A advisory services to lower middle-market companies and their owners. Our team advises owners on the preparation and sale of their company, assists them in identifying strategic opportunities and then helps them execute upon those strategies. For more information, please visit our website at www.romanchukco.com.
Mr. Romanchuk is a Registered Representative of, and Securities Products offered through BA Securities, LLC, Member FINRA (www.finra.org) and SIPC (www.sipc.org). Romanchuk & Company, PLLC and BA Securities, LLC are separate and independent entities. Any testimonial or endorsement may not be representative of the experience of other customers and is no guarantee of future performance or success.