M&A Deal Summary |
|
---|---|
Date | 2023-12-18 |
Target | Compressco |
Sector | Energy Services and Equipment |
Buyer(s) | Kodiak Gas |
Deal Type | Add-on Acquisition |
Deal Value | 854M USD |
Advisor(s) | Jefferies (Financial) Vinson & Elkins (Legal) |
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Category | Company |
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Founded | 2011 |
Sector | Energy Services and Equipment |
Employees | 781 |
Revenue | 850M USD (2023) |
Kodiak is the largest privately-owned contract compression company in the US. The company currently operates in the Permian, Eagle Ford, and Scoop/Stack basins with over 2.8 million in revenue-generating horsepower. Kodiak’s business model is built on compression and service contracts with fixed monthly fees and no volume-dependent components, bringing predictable and recurring revenues. Kodiak Gas was founded in 2011 and is based in The Woodlands, Texas.
DEAL STATS | # |
---|---|
Overall | 2 of 2 |
Sector (Energy Services and Equipment) | 1 of 1 |
Type (Add-on Acquisition) | 2 of 2 |
State (Texas) | 2 of 2 |
Country (United States) | 2 of 2 |
Year (2023) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2019-09-25 |
Pegasus Optimization Managers
College Station, Texas, United States Pegasus Optimization Managers LLC is a natural gas contract compression and solutions provider. Its focus areas include the Marcellus/Utica, Eagle Ford, Permian, and Niobrara shale plays. Pegasus provides turnkey contract compression services, third-party equipment operations, construction project management, and other natural gas services. Pegasus Optimization Managers is based in College Station, Texas. |
Buy | - |