Archrock, Archrock Partners Announce Approval of Merger
OREANDA-NEWS. April 26, 2018. Archrock, Inc. (the “Company” or “Archrock”) (NYSE:AROC) announced today that the stockholders of the Company approved the issuance of shares of the Company’s common stock in connection with the Company’s proposed merger (the “Merger”) with Archrock Partners, L.P. (“Archrock Partners”) (NASDAQ:APLP). Approximately 99 percent of the Archrock shares that were voted approved the share issuance.
In addition, at a special meeting held earlier today, Archrock Partners unitholders voted to approve the merger agreement in connection with the Merger. Approximately 90 percent of the Archrock Partners units that were voted approved the Merger.
The Merger is subject to customary closing conditions and is expected to close on April 26, 2018. Effective April 27, 2018, Archrock Partners common units will no longer be publicly traded on the Nasdaq Global Select Market.
Archrock, Inc. is a pure-play U.S. natural gas contract compression services business and a leading supplier of aftermarket services to customers that own compression equipment in the United States. Archrock is headquartered in Houston, Texas, operating in the major oil and gas producing regions in the United States, with approximately 1,700 employees. For more information, visit www.archrock.com.
About Archrock Partners
Archrock Partners, L.P., a master limited partnership, is the leading provider of natural gas contract compression services to customers in the oil and natural gas industry throughout the United States. Archrock, Inc. owns an equity interest in Archrock Partners, L.P., including all of the general partner interest. For more information, visit www.archrock.com.
All statements in this release (and oral statements made regarding the subjects of this release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of Archrock and Archrock Partners, which could cause actual results to differ materially from such statements. Forward-looking information includes, but is not limited to, statements regarding the anticipated completion of the proposed transaction and the timing thereof.