Nova Compression makes bold move by purchasing Kodiak Gas Services assets

In a significant move to enhance its operations, Nova Compression, LLC, a gas compression company with a presence in the United States, recently announced the acquisition of natural gas compression assets from Kodiak Gas Services. This purchase notably doubles Nova's density of operations in the active Delaware Basin, specifically within the Pecos area of West Texas. The assets acquired include a valuable range of horsepower units, providing flexibility in serving various customer needs within the energy sector. Under the guidance of Chief Executive Officer Jonathan Mitchell, Nova Compression has been actively expanding its services and equipment offerings since its foundation in 2007. The newly acquired compression packages will allow the company to better cater to its diverse client base, which includes several high-profile companies, thus reinforcing its status as a one-stop shop for compression services. Notably, the compression packages offered will range from units below 200 horsepower to larger compressors exceeding 2,000 horsepower, enhancing the range of solutions available to customers in the industry. Crestline Investors played a pivotal role in financing this acquisition, demonstrating their commitment to supporting innovative growth companies like Nova Compression. Michael Aingorn, the Managing Director for Crestline Investors, expressed enthusiasm over Nova's strategic growth under Mitchell's leadership, emphasizing their intent to deliver higher levels of service to their renowned customer base. This investment is expected to facilitate further expansion tactics for Nova in the years to come, positioning the company favorably in the competitive gas compression marketplace. With the completion of this acquisition, Nova Compression's horsepower has surged, surpassing 330,000 units across Oklahoma, South Texas, West Texas, and the Ark-La-Tex region. This ambitious growth reflects both the company's adaptability and the increasing demand for comprehensive energy services in the region. By bolstering its operational capabilities through such strategic moves, Nova Compression aims to consolidate its place in the frontier of the gas compression industry while enhancing customer satisfaction and service delivery across multiple markets.