Archrock Acquires Total Operations and Production Services (TOPS)

July 22, 2024

Archrock, Inc. will acquire Total Operations and Production Services, LLC (TOPS) from investment funds managed by affiliates of Apollo Global Management in a cash-and-stock transaction valued at $983 million. The deal adds approximately 580,000 horsepower (predominantly electric motor drive compression), deepens Archrock's Permian Basin footprint and electric compression capabilities, and is expected to be immediately accretive to earnings and cash available for dividend per share.

Buyers
Archrock, Inc.
Targets
Total Operations and Production Services, LLC (TOPS)
Sellers
Investment funds managed by affiliates of Apollo Global Management, Inc.
Industry
Oil & Gas
Location
Texas, United States
Transaction Type
Buyout

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