M&A
confidence high
sentiment positive
materiality 0.80
Archrock closes $826M cash-plus-stock acquisition of TOPS, adding 580k horsepower
Archrock, Inc.
- Total consideration: $826M cash + 6.87M Archrock shares + up to $6M deferred cash.
- Acquired 580,000 horsepower (500k operating) with contracted backlog.
- Adds electric motor drive compression, deepens Permian Basin presence.
- Sellers locked up: 50% for 90 days, remainder for 180 days.
- Cash portion funded via recent capital markets transactions.