Natural gas compression and solutions provider Pegasus Optimization Managers LLC entered a partnership with certain funds managed by Apollo Global Management LLC affiliates to build a gas compression services business, the company said March 3.
Pegasus provides turnkey contract compression services, third-party equipment operations, construction project management and other natural gas services in the Marcellus/Utica, Eagle Ford, Permian and Niobrara shale plays.
Randy Dean and Chad Lenamon lead College Station, Texas-based Pegasus. They are the former presidents of CDM Resource Management LLC. Its executive team has nearly 100 years of combined experience in gas compression.
Pegasus Optimization Managers LLC is based in College Station.
Apollo Global Management LP is based in New York.