-+ 0.00%
-+ 0.00%
-+ 0.00%

Natural Gas Services Acquires Flatrock Compression For $120M In Cash And Stock

Benzinga·06/15/2026 11:02:41
Listen to the news
  • $120 million cash and stock acquisition is immediately and materially accretive
  • Diversifies NGS's customer mix while adding multiple new large customers
  • Strategic acquisition deepens NGS's operational footprint across the Permian Basin and Eagle Ford
  • Significantly expands the Company's large horsepower and electric motor driven compression solutions
  • Existing credit facility increased to $500 million in conjunction with acquisition
  • NGS to host a conference call on Monday, June 15, 2026, at 10:00 a.m. Eastern Time