Archrock, Inc. (AROC): M&A transaction — Archrock completes $357M NGCS acquisition; issues 2.251M shares, $299M cash

Archrock, Inc.

Total consideration ~$357M: $266.7M cash for NGCSI and $90.4M cash/stock for NGCSE.
Issued approx 2.251M Archrock shares to NGCSE; funded $299M cash portion via ABL facility.
Acquisition expected to be immediately accretive to 2025 EPS and cash available for dividend per share.
Company reaffirms target leverage ratio of 3.0x-3.5x after funding with ABL.
NGCSE Holdings receives registration rights and agrees to 180-day lock-up on shares received.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Archrock, Inc. completed an acquisition involving NGCSE for a combination of cash and shares of Archrock’s common stock, par value $0.01 per share equal to $90.4 million in the aggregate (closed 2025-05-01).

Action: acquisition
Counterparty: NGCSE
Consideration: a combination of cash and shares of Archrock’s common stock, par value $0.01 per share equal to $90.4 million in the aggregate
Closing: 2025-05-01

Exact text from the filing

In connection with the closing of the NGCSE Merger (as defined below), on May 1, 2025 (the “Closing Date”), Archrock, Inc.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Archrock, Inc. completed an acquisition involving NGCSI for cash equal to $266.7 million (closed 2025-05-01).

Action: acquisition
Counterparty: NGCSI
Consideration: cash equal to $266.7 million
Closing: 2025-05-01

Exact text from the filing

a Michigan limited liability company, in its capacity as the initial securityholders’ representative. The total consideration for the NGCSI Merger consisted of cash equal to $266.7 million, subject to customary adjustments that will be finalized following the Closing Date pursuant to the terms of the NGCSI Merger Agreement. On the Closing Date, Archrock, AROC NGCSE

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Archrock, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-043521

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