Archrock (NYSE:AROC), a leading energy infrastructure company, today announced a significant milestone in its pending acquisition of Total Operations and Production Services (TOPS), with the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).
This development marks the fulfillment of a crucial condition required for the completion of the acquisition.
The transaction, expected to close in the third quarter of 2024, is subject to other customary closing conditions.
Archrock's expertise in midstream natural gas compression positions it uniquely to leverage Total Operations and Production Services' capabilities, enhancing its service offerings across the U.S.
Headquartered in Houston, Texas, Archrock is committed to supporting the natural gas industry by providing comprehensive compression and transportation solutions in a safe and environmentally responsible manner.
The company is recognized as a premier provider of natural gas compression services and a leading supplier of aftermarket services for customers owning compression equipment.
At the time this report was compiled, Archrock share price stood at $20.38.