secwatch.observer — SEC 8-K summary
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Issuer:     Kodiak Gas Services, Inc. (KGS)
CIK:        0001767042
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001193125-24-083508
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kodiak Gas completes acquisition of CSI Compressco, forming largest contract compression fleet
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767042/000119312524083508/0001193125-24-083508-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767042/000119312524083508/d795281d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-083508

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer