Natural gas compression equipment provider Natural Gas Services Group, Inc. (NGS) announced on Monday that it has acquired Flatrock Compression Holdings for $120 million in cash and stock.
The deal includes $110 million in cash and $10 million in newly issued NGS common stock.
The acquisition adds Flatrock's rental compression fleet of about 86,000 horsepower, with 95 percent utilization, and expands NGS's operations in the Permian Basin and Eagle Ford.
"This acquisition increases our operational density in both the Permian Basin and Eagle Ford, adds meaningful customer diversification and attractive opportunities for growth with several new large customers, and complements our fleet with the addition of significant large horsepower and electric motor units", Chief Executive of NGS Justin Jacobs said.
NGS expects the transaction to be immediately accretive to key financial metrics.
In pre-market activity on the NYSE, shares of Natural Gas Services Group were up 1.49 percent, changing hands at $43.00, after closing Friday's regular session 0.12 percent lower.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.