Kodiak Gas Services to acquire Distributed Power Solutions for ~$675M in cash and stock

Kodiak Gas Services, Inc.

Total consideration ~$675M: $575M cash + ~2.4M shares of Kodiak common stock valued at ~$100M.
DPS operates ~384 MW of distributed power generation assets; transaction valued at ~7.4x estimated 2026 adjusted EBITDA and immediately accretive.
Expected close in early April 2026, subject to HSR and customary conditions; outside date May 31, 2026 (extendable).
Sellers agree to 180-day lock-up on stock consideration; Kodiak to obtain RWI policy for representation and warranty claims.
DPS management to join Kodiak; strategic expansion into data center and digital infrastructure customers.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kodiak Gas Services, Inc. entered into Membership Interest Purchase Agreement with Mustang PRS, LLC and Louisiana Machinery Company, L.L.C. valued at approximately $675.0 million (effective 2026-02-05).

Action: entry
Agreement: asset purchase
Counterparty: Mustang PRS, LLC and Louisiana Machinery Company, L.L.C.
Value: approximately $675.0 million
Effective: 2026-02-05

Exact text from the filing

On February 5, 2026, Kodiak Gas Services, Inc. (the “Company”) and Kodiak Gas Services, LLC, an indirect, wholly owned subsidiary of the Company (the “Buyer”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”)

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329 material agreements filed in the last 30 days. Browse all material agreements →

Kodiak Gas Services, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-039600

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