Investments
8Portfolio Exits
1Funds
4Partners & Customers
1Service Providers
1About Black Bay Energy Capital
Black Bay Energy Capital is an energy private equity firm investing in the North American oilfield service sector. Black Bay partners with differentiated, next-generation providers of products, services, and technology solutions for the oil & gas industry. The firm targets high-growth companies with products and services that are proven to meaningfully improve production, lower costs, and/or avoid incidents. Black Bay partners with experienced management teams focused on delivering strong value to their customers.
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Latest Black Bay Energy Capital News
Jul 13, 2023
ADS Services Signs Partnership Contract with Totalindo Energi 16 minutes ago ADS Services Signs Partnership Contract with Totalindo Energi (Photo: ADS Services, LLC) Houston (ANTARA/Business Wire)- ADS Services, LLC ("ADS" or the "Company"), a portfolio company of Black Bay Energy Capital ("Black Bay"), has signed a partnership contract and joint submission agreement with PT Totalindo Energi ("Totalindo Energi") for the supply of Managed Pressure Drilling (MPD) services and equipment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230713544408/en/ PT Totalindo Energi is the only national MPD company in Indonesia and is led by a management team with a long history and experience in the MPD industry. "We are pleased to announce that our first customer is already mobilizing equipment to the region. We are excited to introduce our technologies both onshore and offshore in Indonesia," said Charlie Orbell, CEO of ADS Services. The collaboration between ADS and Totalindo Energi will focus on introducing and integrating dynamic pressure control systems into the region. "We are thrilled to form our partnership with an esteemed original equipment manufacturer (OEM) like ADS, who will bring their cutting-edge technologies and vast experience on board. This collaboration will propel our local company strength and capability to new heights, enhancing our ability to introduce advanced technology and significantly bolster our support for the local Managed Pressure Drilling market in Indonesia," said Budhy Rachmat, Director, PT Totalindo Energi. About ADS Services ADS has established a highly skilled team of pressure control professionals to deliver premium and innovative managed pressure drilling and well control solutions to the oil and gas industry. Based in Midland and Houston, the company has a presence in key US shale plays and provides products and services for the offshore and international markets. ADS recently signed a partnership contract and joint submission agreement with the Iraqi Drilling Company (IDC) to provide oil services to the region. The company partnered with Black Bay Energy Capital in 2017 to expand its product suite and customer base, with particular emphasis on growth in the high-pressure drilling markets. About PT Totalindo Energi PT Totalindo Energi is an Indonesian local company managed by young and dynamic professionals with multiple years of international experience in the field of Managed Pressure Drilling. Based in Jakarta, Indonesia, the company provides products and services for the local Oil and Gas and Geothermal Industry in Indonesia ranging from Solid Control Services and Managed Pressure Drilling, As the first local company providing Managed Pressure Drilling services to the Industry in Indonesia, Totalindo Energi is striving to provide cost-effective with Local Content Approach (LCA) to Operators in Indonesia. View source version on businesswire.com: https://www.businesswire.com/news/home/20230713544408/en/ Contacts
Black Bay Energy Capital Investments
8 Investments
Black Bay Energy Capital has made 8 investments. Their latest investment was in Total Operations and Production Services as part of their Private Equity on August 8, 2019.
Black Bay Energy Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
8/14/2019 | Private Equity | Total Operations and Production Services | Yes | 1 | ||
7/10/2018 | Series B | |||||
7/19/2017 | Recap | |||||
4/18/2017 | Private Equity | |||||
Other Investors |
Date | 8/14/2019 | 7/10/2018 | 7/19/2017 | 4/18/2017 | |
|---|---|---|---|---|---|
Round | Private Equity | Series B | Recap | Private Equity | Other Investors |
Company | Total Operations and Production Services | ||||
Amount | |||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 1 |
Black Bay Energy Capital Portfolio Exits
1 Portfolio Exit
Black Bay Energy Capital has 1 portfolio exit. Their latest portfolio exit was Total Operations and Production Services on June 08, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
6/8/2021 | Shareholder Liquidity | 1 |
Date | 6/8/2021 |
|---|---|
Exit | Shareholder Liquidity |
Companies | |
Valuation | |
Acquirer | |
Sources | 1 |
Black Bay Energy Capital Acquisitions
2 Acquisitions
Black Bay Energy Capital acquired 2 companies. Their latest acquisition was AID on May 17, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
5/17/2022 | Acq - Fin | 1 | ||||
Date | 5/17/2022 | |
|---|---|---|
Investment Stage | ||
Companies | ||
Valuation | ||
Total Funding | ||
Note | Acq - Fin | |
Sources | 1 |
Black Bay Energy Capital Fund History
4 Fund Histories
Black Bay Energy Capital has 4 funds, including Black Bay Energy II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
5/11/2022 | Black Bay Energy II | $210M | 2 | ||
9/6/2019 | BBE TOPS HoldCo | ||||
9/6/2019 | BBE SCS HoldCo | ||||
3/1/2019 | Black Bay Energy |
Closing Date | 5/11/2022 | 9/6/2019 | 9/6/2019 | 3/1/2019 |
|---|---|---|---|---|
Fund | Black Bay Energy II | BBE TOPS HoldCo | BBE SCS HoldCo | Black Bay Energy |
Fund Type | ||||
Status | ||||
Amount | $210M | |||
Sources | 2 |
Black Bay Energy Capital Partners & Customers
1 Partners and customers
Black Bay Energy Capital has 1 strategic partners and customers. Black Bay Energy Capital recently partnered with Total Operations and Production Services on August 8, 2019.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
8/14/2019 | Partner | United States | Black Bay Energy Capital Announces Partnership with Total Operations and Production Services MIDLAND , Texas -- -- Black Bay Energy Capital , a private equity firm focused on the oilfield service and equipment sector , is pleased to announce its partnership with and investment in Total Operations and Production Services , a leading provider of compression products and services specializing in gas lift applications in the Permian Basin . | 1 |
Date | 8/14/2019 |
|---|---|
Type | Partner |
Business Partner | |
Country | United States |
News Snippet | Black Bay Energy Capital Announces Partnership with Total Operations and Production Services MIDLAND , Texas -- -- Black Bay Energy Capital , a private equity firm focused on the oilfield service and equipment sector , is pleased to announce its partnership with and investment in Total Operations and Production Services , a leading provider of compression products and services specializing in gas lift applications in the Permian Basin . |
Sources | 1 |
Black Bay Energy Capital Service Providers
1 Service Provider
Black Bay Energy Capital has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Counsel |
Service Provider | |
|---|---|
Associated Rounds | |
Provider Type | Counsel |
Service Type |
Partnership data by VentureSource
Black Bay Energy Capital Team
1 Team Member
Black Bay Energy Capital has 1 team member, including current Chief Financial Officer, Julie Isacs.
Name | Work History | Title | Status |
|---|---|---|---|
Julie Isacs | Chief Financial Officer | Current |
Name | Julie Isacs |
|---|---|
Work History | |
Title | Chief Financial Officer |
Status | Current |
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