secwatch.observer — SEC 8-K summary
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Issuer:     USA Compression Partners, LP (USAC)
CIK:        0001522727
Form:       8-K
Filed at:   2025-12-01T23:59:59+00:00
Accession:  0001193125-25-303103
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USA Compression to acquire J-W Power for $860M cash and stock; close expected Q1 2026
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- Total consideration ~$860M: $430M cash from credit facility + ~18.3M USAC common units valued at $430M.
- Implied ~5.8x 2026E Adjusted EBITDA multiple; deal expected to be accretive to DCF and deleveraging.
- Combined fleet of ~4.4M active HP; J-W adds ~847k HP across Permian, Rockies, Mid-Con, Gulf Coast, Northeast.
- J-W has over 300 customers, average tenure >16 years; ~90% of 2026E EBITDA tied to contract compression.
- Registration rights and board observer rights granted to seller; lock-up on 50% of units for 6–12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522727/000119312525303103/0001193125-25-303103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522727/000119312525303103/d16081d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-303103

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