Akin Gump Advises Archrock Partners Conflicts Committee in Acquisition of Compression Assets from Archrock, Inc.
(Houston) – Archrock, Inc. and Archrock Partners, L.P. have announced that Archrock Partners has agreed to acquire assets from Archrock, Inc., including customer contracts serving 63 customers together with approximately 270 compressor units used to provide compression services under those contracts, for consideration of approximately $85 million. Akin Gump represented the conflicts committee of the general partner of Archrock Partners in the matter.
The compressor units represent approximately 150,000 horsepower of compression and approximately 4 percent (by available horsepower) of the combined contract operations business of Archrock, Inc. and Archrock Partners. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the fourth quarter of 2016.
Christine LaFollette, partner in charge of Akin Gump’s Houston office and a member of the firm’s oil and gas practice, led the team advising the conflicts committee. She was joined by oil and gas associates Chase Armbrust and Heather Ashour and tax partner Alison Chen.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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