Divestiture • Energy Services and Equipment

Exterran Acquires Exterran Holdings - Compression and Processing Assets

On March 9, 2012, Exterran acquired energy services and equipment company Exterran Holdings - Compression and Processing Assets from Exterran Holdings for 184M USD

Acquisition Context
  • This is Exterran’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Exterran’s 3rd largest (disclosed) transaction.
  • This is Exterran’s 2nd transaction in the United States.

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M&A Deal Summary

Date March 9, 2012
Target Exterran Holdings - Compression and Processing Assets
Sector Energy Services and Equipment
Buyer(s) Exterran
Sellers(s) Exterran Holdings
Deal Type Divestiture
Deal Value 184M USD

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 2 of 5
Sector: Energy Services and Equipment 2 of 5
Type: Divestiture 2 of 5
Country: United States 2 of 5
Year: 2012 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-10 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.

Buy $228M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Exterran Holdings - Compression Assets

United States

Exterran Holdings - Compression Assets include contracts serving approximately 50 customers of Exterran Holdings, together with approximately 360 compressor units used to provide compression services under those contracts. These compressors comprise approximately 250,000 horsepower, which represents approximately 8 percent (by available horsepower) of the combined U.S. contract operations business.

Buy $174M

Seller Profile 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 Context for Seller #
Overall 2 of 7
Sector: Energy Services and Equipment 2 of 6
Type: Divestiture 2 of 5
Country: United States 2 of 5
Year: 2012 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-10 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.

Sell $228M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Exterran Holdings - Compression Assets

United States

Exterran Holdings - Compression Assets include contracts serving approximately 50 customers of Exterran Holdings, together with approximately 360 compressor units used to provide compression services under those contracts. These compressors comprise approximately 250,000 horsepower, which represents approximately 8 percent (by available horsepower) of the combined U.S. contract operations business.

Sell $174M