Kodiak Gas Services to Acquire CSI Compressco in an $854 Million All-Equity Deal

EQT Acquires Kodiak Gas Services from The Stephens Group

February 11, 2019

Energy

EQT Infrastructure (EQT) has acquired Kodiak Gas Services, LLC, a Houston-based contract compression services provider, from The Stephens Group. EQT will support Kodiak's continued growth, technology strengthening and operational improvements as the company expands with existing and new customers across U.S. oil and gas basins.

EQT Exits Remaining Stake in Kodiak Gas Services

December 11, 2025

Oil & Gas

EQT Infrastructure III and IV have fully exited their investment in Kodiak Gas Services (NYSE: KGS), following Kodiak's 2023 IPO and a 30-month series of sell-downs. Kodiak, headquartered in Houston, Texas, is a leading provider of natural gas contract compression services in North America; under EQT's ownership the business grew revenue and EBITDA more than 8x and expanded headcount to just over 1,300 employees.

Kodiak Gas Services (EQT) Acquires Pegasus Optimization Managers from Apollo

September 25, 2019

Oil & Gas

EQT Infrastructure portfolio company Kodiak Gas Services has signed a definitive agreement to acquire Pegasus Optimization Managers from affiliates of Apollo Natural Resource Partners II. The deal combines two fast-growing contract compression businesses — creating a leading U.S. contract compression platform with more than 2,500,000 revenue-generating horsepower; the transaction is expected to close in Q4 2019 and financial terms were not disclosed.

Archrock To Acquire Natural Gas Compression Systems (NGCSI and NGCSE) In $357 Million Deal

March 14, 2025

Industrial Services

Archrock entered into definitive agreements to acquire Natural Gas Compression Systems (NGCSI and NGCSE) for approximately $357 million in a cash-and-stock transaction. The acquisition expands Archrock’s natural gas compression horsepower, increases its Permian Basin capacity, and grows electric motor drive compression capabilities aimed at lower-carbon solutions.

Kodiak Gas Services to Acquire Distributed Power Solutions in $675 Million Deal

February 9, 2026

Industrial Services

Kodiak Gas Services entered into a definitive agreement to acquire Distributed Power Solutions (DPS) in an equity-and-cash transaction valued at approximately $675 million, subject to customary adjustments. Kodiak will pay $575 million in cash and issue 2,401,278 shares of Kodiak common stock (valued at roughly $100 million), with closing expected in early April 2026 subject to regulatory approvals and other conditions.

Spartan Energy Partners Acquires Controlling Interest in CSI Compressco LP from TETRA Technologies

January 29, 2021

Energy

Spartan Energy Partners is acquiring the general partner, incentive distribution rights and a majority of common units of CSI Compressco LP from TETRA Technologies. The transaction gives Spartan control of CSI Compressco while TETRA retains a minority stake; Spartan said the deal will support growth, deliver liquidity and strengthen CSI Compressco's market position in compression services for the oil and gas industry.