Compass Energy Systems Acquiring Exterran’s Gas Compression Business
25 August 2020
Compass Energy Systems Ltd., a leading provider of compression and gas processing systems, will acquire Exterran Corp.’s U.S. natural gas compression assets, with expected close during the fourth quarter of 2020.
The acquisition of Exterran’s U.S. compression assets supports Compass’ plans for growth and expansion into the United States and will help solidify Compass’ position as an international leader in providing expert and reliable compression and process equipment solutions, the company said.
“This acquisition will significantly increase our U.S. footprint and our ability to provide top-quality compression and process equipment to clients across the United States. In addition to Exterran’s Brittmoore Road facility in Houston, (Texas) this acquisition includes an established customer base, and experienced compression employees. Our collective expertise will extend and enhance our product offerings as well as our reach into U.S. and international markets,” said Compass President, John Forgeron.
Andrew Way, Exterran’s president and chief executive officer said, “We are extremely pleased that we have reached an agreement to sell our U.S. compression fabrication business. This is not only a positive outcome for Exterran, but our employees and customers as well. We look forward to working with Compass in the future, and continuing to serve our customers globally for their needs.”
Compass is a privately-owned company, established in 2001, that specializes in designing and fabricating top-quality, natural gas compression and process package systems for the energy industry. Over the last two decades, Compass has evolved and grown into a diverse company with five integrated and complementary business divisions (compression, process, retrofit, rentals, parts and service) providing products and services to energy companies around the world.