Service Compression Announces Transformative Growth Capital Investment, Permian Basin Acquisition, And Electric Newbuild Program
Acquiring Company
Service Compression
Acquired Company
University of Texas Permian Basin
Description
Service Compression, LLC ("Service Compression" or the "Company") today announced that the Company has closed on a commitment for $215 million of first lien senior secured credit facilities with Crestline Investors, Inc. The Company plans to direct the net proceeds from the financing to the acquisition of incremental wellhead compression in the Permian Basin and the kickoff of a newbuild electric-driven wellhead compression program.
Quick answer
Service Compression is acquiring University of Texas Permian Basin, announced May 18, 2022.
- How much did Service Compression pay for University of Texas Permian Basin?
- The deal value was not disclosed.
- What does Service Compression do?
- Service Compression is a leading provider of natural gas compression services to exploration & production companies at the wellhead.
Source: Fundz verified event record.
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Who to call at Service Compression, and when
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Frequently asked
Who acquired University of Texas Permian Basin?
University of Texas Permian Basin was acquired by Service Compression. The deal was reported on May 18, 2022. Service Compression is a leading provider of natural gas compression services to exploration & production companies at the wellhead. Service Compression is privately held and operates in Energy.
When did Service Compression acquire University of Texas Permian Basin?
Service Compression's acquisition of University of Texas Permian Basin was reported on May 18, 2022. Service Compression, LLC ("Service Compression" or the "Company") today announced that the Company has closed on a commitment for $215 million of first lien senior secured credit facilities with Crestline Investors, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does University of Texas Permian Basin do?
University of Texas Permian Basin is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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