Deal Snapshot
US ENERGY INFRASTRUCTURE COMPANY ARCHROCK TO ACQUIRE ELITE COMPRESSION
Thursday 27 June 2019

Texas, US-based energy infrastructure company Archrock, Inc. (NYSE: AROC) has entered into a definitive agreement to acquire substantially all assets of Elite Compression Services, LLC from JDH Capital Co for total consideration of USD 410m, the company said.
This deal includes approximately 430,000 of predominately large-horsepower compression assets. The transaction will be funded with approximately USD 205m of cash and approximately 21.7m newly issued Archrock common shares to the seller. In conjunction with the transaction, Harvest Midstream Company will acquire approximately 80,000 active and idle compression horsepower from Archrock for USD 30m in cash.


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Details
Date Published: 27/06/2019
Target: Elite Compression Services, LLC
Country: USA
Deal Size: 410m (USD)
Sector: Petroleum/Natural Gas/Coal
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor: JDH Capital Co
Buyer: Archrock, Inc
Buyer Advisor: Citi , Latham and Watkins
Comment:


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