Kodiak Gas Services To Acquire Pegasus Optimization Managers

Kodiak Gas Services, part of EQT Infrastructure, has signed a definitive agreement to acquire Pegasus Optimization Managers. The move will pair two growing contract compression companies, which provide compression equipment for the extraction of oil and transportation of natural gas in the United States.

With Pegasus under its company umbrella, Kodiak will have more than 2.5 million hp in compression assets deployed across several basins, the company said.

“The combination of Pegasus and Kodiak is truly transformational, as it will create a differentiated, large-scale leading contract compression company in the U.S.,” said Alex Darden, partner at EQT Partners, investment advisor to EQT Infrastructure.

The transaction is expected to close in the fourth quarter of this year. Financial terms of the transaction were not disclosed.

Related Articles

Hoerbiger’s XperLUBE Nets New Certification
T.D. Williamson Appoints New Vice Presidents
Wood Appoints New CEO For Americas Business
Alfa Laval Appoints Codina As Senior Vice President
Iran Claims Huge Gas Find
SGA Announces New Women & Leadership Committee
Total SA Expanding In India
Less CO2 From Gas Processing?

Latest News

Caterpillar Releases New GERP Interface
Hoerbiger’s XperLUBE Nets New Certification
T.D. Williamson Appoints New Vice Presidents
Wood Appoints New CEO For Americas Business
Alfa Laval Appoints Codina As Senior Vice President
Iran Claims Huge Gas Find
Voith Turbo Announces Production “Streamlining”
SGA Announces New Women & Leadership Committee
Total SA Expanding In India

Log In

Forgotten Password?

Haven’t got an account? Click here to register.