MergerNov 10, 2026, 04:26 PM
Archrock to Acquire HiVolt Energy for up to $450M
AI Summary
Archrock, Inc. announced it has entered into a definitive merger agreement to acquire HiVolt Energy Holdings, LLC for up to $450 million in an all-cash transaction. The acquisition, which includes a $415 million upfront payment and $35 million in earnout incentives, is expected to be immediately accretive to Archrock's earnings per share and cash available for dividend per share. The deal is anticipated to close in the first quarter of 2027, subject to regulatory approvals and other customary conditions. HiVolt will operate as a distinct business segment within Archrock, led by its current CEO.
Key Highlights
- Archrock to acquire HiVolt Energy Holdings, LLC in an all-cash transaction for up to $450 million.
- The acquisition is expected to be immediately accretive to Archrock's earnings per share and cash available for dividend per share.
- The transaction multiple is approximately 6.1x the midpoint of HiVolt's expected 2028 adjusted EBITDA range of $70-75 million.
- Upfront purchase price of $415 million to be funded by Archrock's ABL credit facility.
- The merger is expected to close in the first quarter of 2027, subject to customary closing conditions.
- HiVolt will operate as a separate business segment within Archrock, led by current HiVolt CEO Josh Evans.
Price Impact
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