Kodiak Gas Services, Inc. (KGS): M&A transaction — Kodiak Gas completes acquisition of CSI Compressco, forming largest contract compression fleet

Kodiak Gas Services, Inc.

Kodiak acquired CSI Compressco LP on April 1, 2024; CSI unitholders received 0.086 Kodiak shares per common unit.
Certain CSI unitholders elected to receive OpCo units and Series A preferred stock; 64,003,027 units elected that option.
Kodiak issued ~5.56M shares of Series A preferred stock; OpCo units redeemable for common stock after 6-month lock-up.
CEO Mickey McKee says deal creates industry's largest contract compression fleet, expanding in Permian and Eagle Ford.
CSI Compressco units cease trading on NASDAQ; Kodiak shares continue on NYSE.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Kodiak Gas Services, Inc.: Filing of Certificate of Designation of Series A Preferred Stock with the Delaware Secretary of State establishing the rights, preferences, and limitations of the Series A Preferred Stock (effective 2024-03-28).

Change: charter amendment
Effective: 2024-03-28

Exact text from the filing

On March 28, 2024, Kodiak filed the Certificate of Designation of Series A Preferred Stock (the “Certificate of Designation”) with the Delaware Secretary of State.

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

Kodiak Gas Services, Inc. completed an acquisition involving CSI Compressco LP (closed 2024-04-01).

Action: acquisition
Counterparty: CSI Compressco LP
Closing: 2024-04-01

Exact text from the filing

On April 1, 2024 (the “Closing Date”), Kodiak Gas Services, Inc., a Delaware corporation (“Kodiak”), completed the transactions contemplated by that certain Agreement and Plan of Merger, dated as of December 19, 2023 (the “Merger Agreement”)

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261 governance changes filed in the last 30 days. Browse all governance changes →

Kodiak Gas Services, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-083508

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