Archrock to acquire Natural Gas Compression Systems for $357m.

Archrock, a provider of natural gas contract compression services to customers in the oil and natural gas industry, agreed to acquire Natural Gas Compression Systems, a high-quality provider of contract gas compression service, for $357m. “We’re excited to announce our agreement to acquire NGCS, which further enhances our position as a premier provider of natural gas compression services in the United States. With the addition of NGCS’s portfolio of high-quality, large horsepower and electric compression assets, we are increasing our scale and expanding customer relationships as demand for natural gas and compression remains robust. Additionally, by deepening our operational footprint in the premier Permian Basin and other key regions, we will continue to align our resources with profitable, high-demand market segments. We have been disciplined about transforming our portfolio by investing in attractive, high-return opportunities, and believe that this transaction will enable us to build on these efforts and drive durable, profitable growth for Archrock shareholders," Brad Childers, Archrock President and Chief Executive Officer.