Private Equity | New Company / Start-Ups | Fundraising | Capital Markets | Private Equity Activity
New Gas Compression Company Picks Up $175 Million in Capital
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Pegasus Optimization Managers, LLC has entered into a partnership with certain funds managed by affiliates of Apollo Global Management, LLC, to build a leading gas compression services business. Funds managed by Apollo have provided Pegasus with an equity commitment of $175 million to pursue its business plan.
Pegasus, which is led by Dean, reunites a proven team of gas compression veterans who previously built one of the most successful and well respected gas compression firms in the energy industry.
Randy Dean, cofounder, president and CEO of Pegasus, said: "We are excited to partner with Apollo, a firm that shares our vision to build North America’s premiere compression services company. We intend not only to provide the highest quality gas compression services available, but to do so…
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