M&A Deal Summary

Exterran Acquires Compression and Processing Assets - Exterran Holdings

On June 10, 2011, Exterran acquired energy services and equipment company Compression and Processing Assets - Exterran Holdings from Exterran Holdings for 228M USD

Acquisition Highlights
  • This is Exterran’s 1st transaction in the Energy Services and Equipment sector.
  • This is Exterran’s 2nd largest (disclosed) transaction.
  • This is Exterran’s 1st transaction in the United States.

M&A Deal Summary

Date 2011-06-10
Target Compression and Processing Assets - Exterran Holdings
Sector Energy Services and Equipment
Buyer(s) Exterran
Sellers(s) Exterran Holdings
Deal Type Divestiture
Deal Value 228M USD

Target

Compression and Processing Assets - Exterran Holdings

United States
Compression services asset includes, Contracts serving 34 customers of Exterran Holdings and its affiliates, together with approximately 407 compressor units used to provide compression services under those contracts, comprising approximately 289,000 horsepower,Processing services asset includes, A natural gas processing plant with a capacity of 8 million cubic feet per day located in the northeastern United States used to provide processing services pursuant to a long-term services agreement.

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Buyer(S) 1

Buyer

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 1 of 5
Sector (Energy Services and Equipment) 1 of 5
Type (Divestiture) 1 of 5
Country (United States) 1 of 5
Year (2011) 1 of 1
Size (of disclosed) 2 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-09 Exterran Holdings - Compression and Processing Assets

United States

Exterran Holdings - Compression Assets include contracts serving approximately 40 customers of Exterran Holdings, together with approximately 400 compressor units used to provide compression services under those contracts. Processing services assets includes - A natural gas processing plant with a capacity of 10 million cubic feet per day located in the northeastern United States used to provide processing services pursuant to a long-term services agreement.

Buy $184M

Seller(S) 1

SELLER

Exterran Holdings

Houston, Texas, United States

Category Company
Founded 1990
Sector Energy Services and Equipment
Employees10,000
Revenue 3.2B USD (2013)
DESCRIPTION

Exterran Holdings, Inc. is a provider of full service natural gas compression and a premier provider of operations, maintenance, service and equipment for oil and gas production, processing and transportation applications. Exterran Holdings split into two companies Archrock, Inc. and Exterran Corp.


DEAL STATS #
Overall 1 of 7
Sector (Energy Services and Equipment) 1 of 6
Type (Divestiture) 1 of 5
Country (United States) 1 of 5
Year (2011) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Ormandy Rycroft

United Kingdom

Ormandy Rycroft is a provider in the design and manufactures a comprehensive range of storage calorifiers, semi storage calorifiers, indirect cylinders and buffer vessels to provide a flexible and economic solution for all water heating requirements.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-09 Exterran Holdings - Compression and Processing Assets

United States

Exterran Holdings - Compression Assets include contracts serving approximately 40 customers of Exterran Holdings, together with approximately 400 compressor units used to provide compression services under those contracts. Processing services assets includes - A natural gas processing plant with a capacity of 10 million cubic feet per day located in the northeastern United States used to provide processing services pursuant to a long-term services agreement.

Sell $184M