M&A Deal Summary

Exterran Acquires MidCon Compression - 337 Compression Units

On April 10, 2014, Exterran acquired energy services and equipment company MidCon Compression - 337 Compression Units from MidCon Compression for 360M USD

Acquisition Highlights
  • This is Exterran’s 4th transaction in the Energy Services and Equipment sector.
  • This is Exterran’s largest (disclosed) transaction.
  • This is Exterran’s 4th transaction in the United States.

M&A Deal Summary
Date 2014-04-10
Target MidCon Compression - 337 Compression Units
Sector Energy Services and Equipment
Buyer(s) Exterran
Sellers(s) MidCon Compression
Deal Type Divestiture
Deal Value 360M USD

Target

MidCon Compression - 337 Compression Units

United States
The acquired assets include 337 compression units, with a total horsepower of approximately 440,000, which currently are being used to provide compression services to Access MLP Operating, L.L.C., a subsidiary of Access Midstream Partners LP

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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 4 of 5
Sector (Energy Services and Equipment) 4 of 5
Type (Divestiture) 4 of 5
Country (United States) 4 of 5
Year (2014) 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-08 MidCon Compression - 162 Compression Units

United States

MidCon Compression - 162 Compression Units, with a total horsepower of approximately 110,000, which are currently being used to provide compression services in Arkansas’ Fayetteville Shale.

Buy $135M

Seller(S) 1

SELLER

MidCon Compression

Oklahoma City,, Oklahoma, United States
Category Company
Founded 2003
Sector Energy Services and Equipment
DESCRIPTION

MidCon Compression LLC includes 162 compression units, with a total horsepower of approximately 110,000. The majority of the units currently are being used to provide compression services to BHP Billiton Petroleum in Arkansas’ Fayetteville Shale.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 2
Country (United States) 1 of 2
Year (2014) 1 of 2
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-08 MidCon Compression - 162 Compression Units

United States

MidCon Compression - 162 Compression Units, with a total horsepower of approximately 110,000, which are currently being used to provide compression services in Arkansas’ Fayetteville Shale.

Sell $135M
Mergr

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