{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-125218","form_type":"8-K","ticker":"AROC","cik":"0001389050","company_name":"Archrock, Inc.","filed_at":"2026-11-10T21:24:36+00:00","discovered_at":"2026-11-10T21:26:00.236471+00:00","generated_at":"2026-11-10T21:26:13.625905+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Archrock to buy HiVolt Energy for $415M cash plus $35M earnout, up to $450M","bullets":["$415M cash at close plus up to $35M in earnout incentives tied to HiVolt's 2027-2029 performance; total transaction value up to $450M.","Price plus earnout paid through 2028 equals ~6.1x midpoint of HiVolt's expected 2028 adjusted EBITDA of $70-75M; ~70% backed by contracted/awarded work.","HiVolt brings 80+ MW of contracted prime power microgrid capacity under five-to-eight-year take-or-pay PPAs and access to 500+ MW of near-term Caterpillar generation equipment.","Expected immediately accretive to EPS and cash available for dividend per share; deal is debt-free and keeps pro forma leverage within Archrock's 3.0x-3.5x target.","Close expected early 2027 subject to HSR clearance; HiVolt will operate as a separate segment led by CEO Josh Evans. Evercore and BofA Securities advised."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-125218","json":"https://secwatch.observer/filing/0001104659-26-125218.json","markdown":"https://secwatch.observer/filing/0001104659-26-125218.md","text":"https://secwatch.observer/filing/0001104659-26-125218.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389050/000110465926125218/0001104659-26-125218-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389050/000110465926125218/tm2629454d1_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-10T21:26:13.625905+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}