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Oil & Gas Equipment & Services M&A image Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Sat., Feb. 29, 7:28 AM Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.

Slide #58. USA Compression Compression Assets from S&R Compression

Acquirer: USA Compression (NYSE:USAC)
Acquiree: Compression Assets from S&R Compression
Details: USA Compression Partners, LP (NYSE:USAC) announced today that it has closed the previously announced acquisition of compression assets owned by S&R Compression, LLC, a Tulsa-based company majority owned and controlled by Argonaut Private Equity, an affiliate of George B. Kaiser. Located primarily in Texas and Oklahoma, the assets being acquired are primarily utilized in connection with crude oil production. In addition to the 983 compression units acquired as of the transaction effective date of June 30, 2013, USAC is also acquiring 66 newly built compression units fabricated between July 1 and August 30 of this year for approximately $12 million in cash as well as receiving a cash payment of approximately $4 million related to the operations of the compression assets since the effective date. The compression units acquired in the transaction together with the additional newly built compression units total approximately 148,000 horsepower.

USA Compression Partners is engaged as a provider of compression services primarily in connection with infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and crude oil production through artificial lift processes. As such, Co.'s compression services play a role in the production, processing and transportation of both natural gas and crude oil. Co. provides compression services in a number of shale plays throughout the U.S. As part of its services, Co. engineers, designs, operates, services and repairs its compression units and maintains related support inventory and equipment.

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Company Name: 
USA Compression Partners LP
Website: 
www.usacompression.com
Sector: 
Oil & Gas Equipment & Services
Number of ETFs Holding USAC: 
4
Total Market Value Held by ETFs: 
$8.24M
Total Market Capitalization: 
$1.34B
% of Market Cap. Held by ETFs: 
0.62%
 

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