secwatch.observer — SEC 8-K summary
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Issuer:     Archrock, Inc. (AROC)
CIK:        0001389050
Form:       8-K
Filed at:   2026-11-10T21:24:36+00:00
Accession:  0001104659-26-125218
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389050/000110465926125218/0001104659-26-125218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389050/000110465926125218/tm2629454d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-125218

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