Kodiak Gas Services to Acquire Distributed Power Solutions in $675 Million Deal
February 9, 2026
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.
- Buyers
- Kodiak Gas Services
- Targets
- Distributed Power Solutions
- Sellers
- Winston & Strawn (legal counsel to one of the seller parties)
- Industry
- Industrial Services
- Location
- United States
- Transaction Type
- Buyout
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