Compass To Acquire Exterran U.S. Compression Assets
By DJ Slater25 August 2020
Compass Energy Systems Ltd. signed an agreement to acquire Exterran Corp.’s U.S. natural gas compression assets.
The acquisition, expected to close in the fourth quarter of this year, supports Compass’ plans for growth and expansion into the United States and will improve the company’s international presence.
“This acquisition will significantly increase our U.S. footprint and our ability to provide top-quality compression and process equipment to clients across the United States,” said Compass President John Forgeron. “In addition to Exterran’s Brittmoore Road facility in Houston, this acquisition includes an established customer base and experienced compression employees. Our collective expertise will extend and enhance our product offerings as well as our reach into U.S. and international markets.”