Kodiak gas services, inc. to acquire csi compressco lp in an $854 million all-equity transaction

All-equity acquisition to create the industry's largest contract compression fleet of 4.3 million revenue-generating horsepower deepens kodiak's position in key operating areas, including over 2.8 million horsepower in the permian basin expected annual run-rate cost synergies of at least $20 million csi compressco unitholders will receive 0.086 shares of kodiak common stock for each csi compressco common unit owned, representing a price of approximately $1.65 per unit based on the closing price of kodiak's stock on december 18, 2023 kodiak shareholders will realize immediate accretion to discretionary cash flow and free cash flow per share upon closing transaction benefits to csi compressco unitholders include a significantly increased dividend, greater stock trading liquidity and significant opportunities for long-term value appreciation kodiak to host a conference call on december 19, 2023 at 9:00 a.m. et / 8:00 a.m.
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