secwatch.observer — SEC 8-K summary
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Issuer:     Archrock, Inc. (AROC)
CIK:        0001389050
Form:       8-K
Filed at:   2024-08-30T23:59:59+00:00
Accession:  0001104659-24-095753
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Archrock closes $826M cash-plus-stock acquisition of TOPS, adding 580k horsepower
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389050/000110465924095753/0001104659-24-095753-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389050/000110465924095753/tm2423084d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-095753

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer