SCF Partners Invests in Phoenix Service Partners to Support Rapid Growth

COLLEGE STATION, Texas--(BUSINESS WIRE)--SCF Partners (“SCF”) is pleased to announce its investment in Phoenix Service Partners (“Phoenix”), a service company specializing in high-horsepower, low-emission natural gas compression.

Respected industry veterans Randy Dean (CEO) and Rick Childress (COO) founded Phoenix in 2024. The team previously built and led two of the industry’s most successful contract compression companies, CDM Resource Management and Pegasus Optimization Managers. The partnership with SCF provides capital and strategic support to build Phoenix into an industry leader.

Phoenix delivers high-horsepower compression solutions to blue-chip customers, supporting critical energy infrastructure in the Permian and Eagle Ford basins. The company’s next-generation equipment and operational technologies ensure industry-leading runtimes while reducing methane emissions by more than 50% compared to traditional compression fleets.

Concurrently with the SCF equity investment, Phoenix also closed an asset-backed credit facility with a consortium of lenders. In total, these facilities provide Phoenix up to $350M of debt and equity capital to support its rapid growth.

“We are excited to partner with SCF as we raise the bar for service in natural gas compression,” said Randy Dean, co-founder and CEO of Phoenix. “Our top-tier talent and culture of excellence positions Phoenix to continue delivering unmatched reliability and efficiency for our customers. SCF’s deep industry expertise makes them the ideal partner for our growth journey.”

Dan West, Managing Director at SCF Partners, commented, “The Phoenix leadership team has an unmatched track record of success in compression services. As the LNG buildout and electrification continue to increase the demand for natural gas, we are proud to partner with Randy, Rick, and the rest of the team to deliver high-horsepower solutions that improve reliability and reduce emissions for our customers’ infrastructure.”

About Phoenix Service Partners

Phoenix provides high-horsepower contract compression services, supplying North American midstream and upstream operators with high-efficiency, low-emission solutions. The company offers turnkey natural gas compression stations, station operations, and project management. Phoenix’s leadership team brings decades of experience in delivering industry-leading runtimes and exceptional customer service, and a passion for doing things better. For more information, please visit https://phxsp.com/.

About SCF Partners

Founded in 1989, SCF provides equity capital and strategic growth assistance to build and grow leading energy service, equipment, and technology companies that operate throughout the world. SCF has invested in more than 80 platform companies, made more than 400 additional acquisitions, and developed 18 publicly listed energy service and equipment companies over its history. The firm is headquartered in Houston, Texas, and has offices in Calgary, Aberdeen, and Australia. For more information, please visit www.scfpartners.com.