---
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"
generated_at: "2026-11-10T21:26:13.625905+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Archrock to buy HiVolt Energy for $415M cash plus $35M earnout, up to $450M

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-125218
- JSON: https://secwatch.observer/filing/0001104659-26-125218.json
- Plain text: https://secwatch.observer/filing/0001104659-26-125218.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.