Investment Summary

Exterran Holdings Exits Exterran Holdings - Compression Assets

On April 1, 2013, Exterran invested in energy services and equipment company Exterran Holdings - Compression Assets from Exterran Holdings for 174M USD

Investment Highlights
  • This is Exterran’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Exterran’s 4th largest (disclosed) transaction.
  • This is Exterran’s 3rd transaction in the United States.

Investment Summary

Date 2013-04-01
Target Exterran Holdings - Compression Assets
Sector Energy Services and Equipment
Investor(s) Exterran
Sellers(s) Exterran Holdings
Deal Type Divestiture
Deal Value 174M USD

Target

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.

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Investor(S) 1

Investor

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 3 of 5
Sector: Energy Services and Equipment M&A 3 of 5
Type: Divestiture M&A Deals 3 of 5
Country: United States M&A 3 of 5
Year: 2013 M&A 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-10 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

Buy $360M

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 3 of 7
Sector: Energy Services and Equipment M&A 3 of 6
Type: Divestiture M&A Deals 3 of 5
Country: United States M&A 3 of 5
Year: 2013 M&A 1 of 3
Size (of disclosed) 3 of 3
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-04 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.

Sell -