Archrock Inc.: Archrock Acquisition of Elite Compression

Archrock to acquire Elite Compression Services, including approximately 430,000 of primarily large compression horsepower1 for total consideration of approximately $410 million

Approximately $55 million of annualized adjusted EBITDA2, including $5 million in expected synergies

In conjunction with the transaction, Archrock to sell approximately 80,000 active and idle non-core compression horsepower to Harvest Midstream for $30 million in cash

Total net consideration of $380 million, funded with $175 million in cash and approximately 21.7 million4 AROC common shares issued to the seller (JDH Capital)

Transaction will increase Archrock’s compression asset base to approximately 4.4 million total horsepower3

Jeff Hildebrand appointed to the Archrock board of directors

See the full report HERE