Investment Summary

Black Bay Partners Invests In Scope

On March 11, 2025, private equity firm Black Bay Partners invested in information technology company Scope

Investment Highlights
  • This is Black Bay Partners’ 1st transaction in the Information Technology sector.
  • This is Black Bay Partners’ 1st transaction in the United States.
  • This is Black Bay Partners’ 1st transaction in Texas.

Investment Summary

Date 2025-03-11
Target Scope
Sector Information Technology
Investor(s) Black Bay Partners
Deal Type Growth Capital

Target

Scope

Sugar Land, Texas, United States
Scope provides AI-powered inspection solutions designed for heavy industrial applications, with a strategic focus on electric utilities and critical infrastructure. The company combines deep industry expertise with cutting-edge applied AI research, developing a patent-pending inspection platform that leverages computer vision and deep learning to predict the health and integrity of synthetic and wire rope applications. Scope was formed in 2019 and is based in Sugar Land, Texas.

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Investor(S) 1

DESCRIPTION

Black Bay Partners is a private equity firm focused on strategic growth capital investments in lower-middle-market companies across the energy, chemical, and industrial sectors. The Firm partners with entrepreneurial management teams, targeting innovative products and services that reduce costs, improve operations, and advance ESG initiatives. Black Bay Partners was formed in 2016 and is based in New Orleans, Louisiana.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1