Archrock acquires Elite Compression from JDH Capital for $410m.

Archrock, an energy infrastructure company with a pure-play focus on midstream natural gas compression acquires Elite Compression from JDH Capital, a private investment firm based in Texas for $410m in a cash-stock trade. The transaction will be funded with approximately $205 million of cash and approximately 21.7 million newly issued Archrock common shares to the seller. “We are excited to announce the acquisition of Elite’s excellent contract compression operations in a transaction that will immediately benefit Archrock shareholders through accretive earnings and cash flow growth,” Brad Childers, Archrock, CEO.