Cooper Machinery Services, the former reciprocating compression division of Baker Hughes, has made another acquisition. This time, the company has purchased Hoerbiger’s Engine Legacy Solutions business.
Hoerbiger’s Engine Legacy Solutions business provides repairs, overhauls, upgrades and emissions advancements for large reciprocating, natural gas and dual-fuel engines. The Hoerbiger management team, as well as 30 employees from various locations, will be retained and join Cooper.
The acquisition follows Cooper CEO John Sargent’s plans to incorporate companies that “are in the same space as us.” Hoerbiger’s services are in line with Cooper’s, which manufactures and services reciprocating compressors, engines and turbochargers.
“We are very pleased to add the Engine Legacy Solutions business to our Cooper portfolio,” Sargent said. “With this acquisition, the technical expertise of the Cooper organization, and our ability to assist our customers with the long-term preservation of their reciprocating horsepower, just took a giant step forward.”
Hoerbiger’s Engine Legacy Solutions business is the fourth acquisition for Cooper in the past five months. Shortly after Cooper’s revival, the company purchased Epic International and Reciprocating Technology Services (RTS) in late September. On Dec. 29, Cooper struck again by acquiring Sinor Engine Co.
“We’re adding companies that accomplish the same goals we have,” Sargent said in an earlier interview with COMPRESSORTECH2. “We’re trying to put all the pieces back together and be the best we can be.”
It’s unlikely this will be the last transaction for Cooper this year. While Sargent plans to focus on integrating these acquired companies under one roof soon, he said Cooper has letters of intent out with several companies and expects more acquisitions in the near future.