A derby official acquired this patch but no longer remembers from where received it. They thought it might have been from 2010-2012 and from the American Southeast, but acknowledge they might be totally off on that. It appears to be a Crew Patch of some sort, given by an official to members of their crew. Alternately, it could be the name of a league's officiating crew.
Update: I ran into an "old time" derby official at BOTAS 2023 who had this patch. She couldn't recall who gave her the patch, but thought it was a crew patch given out at one at an event from 10+ years ago.