M&A
confidence high
sentiment positive
materiality 0.90
Archrock to acquire NGCS for ~$357M in cash/stock; expected to close Q2 2025
Archrock, Inc.
- Total consideration ~$357M: $266.7M cash for NGCSI + $90.4M cash/stock for NGCSE.
- Adds 351k horsepower (316k operating + 35k backlog); pro forma operating HP >4.5M.
- 71% of NGCS HP in Permian; boosts Archrock's Permian capacity by 10% to ~2.5M HP.
- 78k HP electric motor drive compression; total electric fleet to ~815k HP.
- Transaction expected to be immediately accretive to EPS and CAD per share by end 2025.