M&A
confidence high
sentiment neutral
materiality 0.30
Kodiak files DPS deal pro forma: $766.5M H1 revenue, $0.78 diluted EPS; bought at $587.3M cash plus stock
Kodiak Gas Services, Inc.
- Kodiak closed the acquisition of Distributed Power Solutions, LLC on April 1, 2026, paying $587.3M cash plus 2,401,278 KGS common shares under a Feb. 5, 2026 purchase agreement.
- Pro forma H1 2026 total revenue of $766.5M combines Kodiak's $736.9M with DPS's $29.6M for the three months ended March 31, 2026.
- Pro forma diluted EPS of $0.78 vs Kodiak standalone $0.75; pro forma net income attributable to common shareholders $72.9M on 92.2M diluted shares.
- Cash portion funded via ABL Facility borrowings at a 5.66% applicable rate as of closing; pro forma interest expense rises to $107.2M from $98.8M.
- Purchase price allocation is preliminary; pro forma excludes projected synergies and integration costs, and taxes DPS at a 21% statutory rate.