USA Compression Doubles Fleet In Acquisition

By CT2 Staff18 January 2018

In an estimated US$1.8 billion transaction, USA Compression (USAC) will gain approximately 1.6 million hp in its acquisition of Energy Transfer Partners’ compression subsidiaries CDM Resource Management LLC and CDM Environmental & Technical Services LLC (collectively, “CDM”).

This transaction will essentially double USAC’s compression fleet to a total of 3.4 million hp and lengthen its reach into the Eagle Ford Shale, Rockies, Gulf Coast and Permian Basin. The acquisition will also provide USAC with an increased focus on large horsepower installations as 70% of CDM’s fleet operates at 1000 hp or more. CDM also provides a full range of gas treating and emissions services.

Energy Transfer Equity will acquire 12.5 million common units from USA Compression Holdings as part of the agreement.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, CompressorTech² News features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
CONNECT WITH THE TEAM
Mike Brezonick
Mike Brezonick VP, Power Division Tel: +1 262 754 4112 E-mail: mike.brezonick@khl.com
Pete Ballistrieri Sales Manager Tel: +1 262 754 4131 E-mail: pete.ballistrieri@khl.com
CONNECT WITH SOCIAL MEDIA
Latest News
World gas prices hit record levels
Rebound from record lows seen in the summer of 2020
Rotating Machinery Services buys ATS
ATS offers experienced technical field advisors, rotating equipment planners & schedulers for turbine, compressor and generator repair
Cooper launches ESG initiative
Cooper proactively invests in comprehensive social programs across its global operations