USA Compression Buys Assets from S&R Compression

USA Compression Partners said Tuesday it agreed to buy $187 million of compression assets owned by S&R Compression. S&R Compression will receive 20% LP interest in the pro forma partnership. S&R Compression is majority owned by Argonaut Private Equity, an affiliate of George B. Kaiser. USA Compression is a portfolio company of Riverstone Holdings. Located primarily in Texas and Oklahoma, the assets sold are used in connection with crude oil production and include 983 compression units with total horsepower of approximately 138,000.

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