USA Compression Closes Buy of S&R Compression Assets
USA Compression Partners said Friday it closed its previously announced buy of compression assets owned by S&R Compression, which is controlled by Argonaut Private Equity. USA Compression, a portfolio company of Riverstone Holdings, said it is also buying 66 newly built compression units fabricated between July 1 and August 30 of this year for about $12 million cash, as well as a $4 million cash payment related to the operation of compression assets. Argonaut, and other S&$ Compression owners, now hold a 20% LP stake in USAC.
3 September 2013•2 mins read
