JessCo Secures Strategic Investment for Emission Control Expansion
Deal News | Feb 24, 2025 | OGCI Climate Investments LLP
JessCo Solutions, a leader in vapor recovery and emissions control solutions for the oil and gas industry, has announced a strategic investment led by Argentum Capital Partners and Climate Investment. This capital inflow aims to position JessCo to capture a significant market opportunity amidst increasing drilling activity and stringent emission regulations. With their robust vapor recovery units, combustors, and flares, JessCo plans to enhance its rental fleet and invest in sales and marketing to meet rising demand. The involvement of significant stakeholders such as David James, who continues as CEO, and key board members, ensures JessCo's focus on innovation and service excellence, while its strong market position is fortified through partnership synergies. The investment aligns with Argentum's and Climate Investment's strategy of promoting industrial decarbonization and supporting growth in industrial sectors.
Sectors
- Oil & Gas Services
- Environmental Technology
- Private Equity
Geography
- United States – JessCo Solutions operates out of San Angelo, Texas, and Argentum is based in New York, reflecting the U.S. focus of the involved companies.
- Global – Climate Investment's interest in driving industrial decarbonization has global implications, supported by their international network of member companies.
Industry
- Oil & Gas Services – JessCo Solutions provides vapor recovery and emissions control solutions specifically tailored for the oil and gas industry, aligning with this classification.
- Environmental Technology – The investment in JessCo by Climate Investment and Argentum is focused on expanding decarbonization technologies and reducing industrial emissions, indicative of the Environmental Technology sector.
- Private Equity – Argentum Capital Partners and Climate Investment are private equity firms leading the investment, indicating involvement in the Private Equity industry.
Financials
- Undisclosed – The exact amount of the strategic investment is not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| JessCo Solutions | Target | Company | Leading provider of vapor recovery and emissions control solutions for the oil & gas industry. |
| Argentum Capital Partners | Investor | Company | A New York-based private equity firm with expertise in environmental and industrial sectors. |
| Climate Investment | Investor | Company | Focused on driving industrial decarbonization and investing in climate tech companies. |
| David James | CEO/Co-Founder | Person | CEO and Co-Founder of JessCo Solutions, retaining significant ownership and leading the company. |
| Walter Barandiaran | Executive Chairman | Person | Co-Founder and Managing Partner at Argentum, joining JessCo's board as Executive Chairman. |
| Patrick Yip | Managing Director | Person | Managing Director and Head of Growth Equity at Climate Investment, joining JessCo's board. |