M&A Deal Summary

Compass Energy Systems Acquires Exterran - U.S. Compression Assets

On August 25, 2020, Compass Energy Systems acquired energy services and equipment company Exterran - U.S. Compression Assets from Exterran

Acquisition Highlights
  • This is Compass Energy Systems’ 1st transaction in the Energy Services and Equipment sector.
  • This is Compass Energy Systems’ 1st transaction in the United States.
  • This is Compass Energy Systems’ 1st transaction in Texas.

M&A Deal Summary

Date 2020-08-25
Target Exterran - U.S. Compression Assets
Sector Energy Services and Equipment
Buyer(s) Compass Energy Systems
Sellers(s) Exterran
Deal Type Divestiture

Target

Exterran - U.S. Compression Assets

Houston, Texas, United States
Exterran Corp. - U.S. Compression Assets provides expert and reliable compression and process equipment solutions.

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Buyer(S) 1

Buyer

Compass Energy Systems

Rocky View County, Alberta, Canada

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Compass Energy Systems Ltd. specializes in designing and fabricating top-quality, natural gas compression and process package systems for the energy industry. Compass has evolved and grown into a diverse company with five integrated and complementary business divisions (compression, process, retrofit, rentals, parts + service) providing products and services to energy companies around the world.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Exterran

Houston, Texas, United States

Category Company
Founded 1954
Sector Energy Services and Equipment
Employees3,100
Revenue 613M USD (2020)
DESCRIPTION
Entrance to Exterran's corporate headquarters in Houston, Texas.
Entrance to Exterran's corporate headquarters in Houston, Texas.

Exterran is a provider of natural gas contract compression services to customers throughout the United States. Exterran was founded in 1954 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-17 Titan Production Equipment

The Woodlands, Texas, United States

Titan Production Equipment is a designer and fabricator of oil and gas production equipment. The Company’s products are used by oil and gas operators to separate, process and treat hydrocarbon streams at the wellhead, gathering and processing stages. Titan offers deep engineering expertise and has capacity to manufacture at high volumes in an ASME-certified facility that produces both pre-designed and custom separators, heater treaters, glycol dehydration units, as well as a wide range of other production equipment products. Titan Production Equipment is based in The Woodlands, Texas.

Sell -