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New Deal


Announced

Completed

Archrock completed the acquisition of a minority stake in Ecotec.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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environmental consultancy

Environmental Consulting

Completed

Private

Friendly

Acquisition

Single Bidder

Domestic

Minority

United States

manufacturing

Synopsis

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Archrock, an energy infrastructure company, completed the acquisition of Ecotec, a company which provides a comprehensive ecosystem of methane solutions for its customers. Financial terms were not disclosed. “We are excited to partner with ECOTEC and advance our shared vision for helping the oil and gas industry decarbonize. The expansion of our services to include direct emissions detection, management and mitigation is a significant step in our strategy to develop a suite of solutions that supports our customers’ sustainability goals. ECOTEC’s management team has an impressive track record of building emissions management businesses in other sectors and this partnership connects their proven technology with our leading U.S. natural gas compression infrastructure and customer network. This investment provides a unique opportunity to deliver value for our customers and shareholders as we position Archrock to reduce emissions across the oil and gas industry,” Brad Childers, Archrock President and Chief Executive Officer.

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