Archrock Partners, L.P. (APLP), Archrock (AROC) Announce Completion of Asset Transaction

November 21, 2016 7:01 AM EST

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Archrock, Inc. (NYSE: AROC) and Archrock Partners, L.P. (Nasdq: APLP) announced that Archrock Partners has completed its previously announced acquisition of compression assets from Archrock, Inc.

The acquired assets include customer contracts serving 63 customers together with approximately 260 compressor units used to provide compression services under those contracts. These compressor units represent approximately 147,000 horsepower of compression and approximately 4 percent (by available horsepower) of the combined contract operations business of Archrock, Inc. and Archrock Partners. Archrock Partners financed the acquisition entirely with the issuance of 5,482,581 common units and 111,040 general partner units to affiliates of Archrock, Inc.

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