Nova buys Heartland Compression

Nova Compression added more than 170,000 hp to its total fleet with the acquisition of Heartland Compression, a subsidiary of Louisiana Machinery. The company’s total fleet capacity is now about 300,000 hp, up from 40000 hp at the start of 2021.

Terms of the acquisition were not revealed. Nova’s staff has also increased from 30 employee  at the start of the year to more than 120 now. Its earnings have risen 1900% in that timeframe, the company reported.

“Nova is growing at an astronomical rate, and it’s exciting to be part of that growth and success,” said Chief Executive Officer Jonathan Mitchell. “At the same time, our identity has not changed. We are a service-oriented business and our focus – regardless of our size – is on providing our customers with the best, most reliable and most cost-effective services on the market.”

Louisiana Machinery Chief Financial Officer Jason Maurin said Nova is an ideal business partner.

“Louisiana Machinery is pleased to be part of Nova’s extraordinary growth,” said Maurin. “Our compression business was built on customer relationships that were fostered through our premium equipment and service. It was important that the buyers of our business shared these values, and it is clear that the leadership and shareholders of Nova Compression are aligned in their customer centric focus. We look forward to a continued relationship with Nova and wish them well in their future business endeavors.”

Nova was founded in 2007 and has served the Texas and Midcontinent regions since that time. Subsequent to closing the acquisition from LMC, Nova now has approximately 300,000 horsepower deployed in Oklahoma, South Texas, West Texas and Ark-La-Tex.