The Riverstone/Carlyle Global Energy and Power Funds, a group of energy-focused private equity funds managed by Riverstone Holdings LLC (“Riverstone”), announced today that it has completed the acquisition of USA Compression Holdings, LP, the parent company of USA Compression Partners, LLC (“USA Compression” or the “Company”), a natural gas compression services company headquartered in Austin and Dallas, Texas.... Read more..
Valerus Compression Services, a worldwide leader in natural gas handling services specializing in natural gas processing, treating and compression, has opened an office in Buenos Aires, Argentina, to better serve the growing natural gas market in South America. The new office will support Valerus’ growing customer base in the Latin America region by providing a full range of natural gas compression, production and treating products and services. “Valerus... Read more..
Clean Energy Fuels Corp. has entered into a definitive agreement with American Honda Motor Co., Inc. and The FuelMaker Trust to acquire FuelMaker Corporation of Toronto, Canada for (US) $17 million in cash. The acquisition is expected to be completed within 25 days. FuelMaker (www.fuelmaker.com) manufactures, distributes, installs and services vehicle refueling appliances (VRA) and accessories for fueling vehicles powered by compressed natural gas... Read more..
Exterran Holdings reported net income for the second quarter 2008 of $21.7 million, or $0.33 per share, including $31.8 million in pretax charges, or approximately $0.29 per share, for estimated cost overruns in the fabrication segment. Net income was $49.4 million, or $0.73 per share, for the first quarter 2008 and $26.1 million, or $0.71 per share, for the second quarter 2007. Revenue was $812.2 million for the second quarter 2008 compared to $740.1... Read more..