Nova Compression Expands West Texas Operations with Acquisition of Kodiak’s Compression Assets
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Nova Compression has acquired a package of natural gas compression assets from Kodiak Gas Services of The Woodlands, Texas. The acquired compression packages, located in the Pecos area of West Texas, allows Nova to double its density in an active area of the Delaware Basin.
Under the leadership of chief executive officer Jonathan Mitchell, Nova continues to grow its operations and equipment offerings to serve a wide range of compression and energy services needs.
“The new assets will expand our presence in West Texas while further growing our flexible range of horsepower we offer customers,” said Nova’s Chief Executive Officer Jonathan Mitchell.
“By offering compression packages that range from under 200 horsepower units to large 2,000-plus horsepower compressors, Nova is positioned to serve the industry as a one-stop shop and flexible provider of compression,” added Mitchell.
Crestline Investors, known for its strategic investments and support of innovative growth companies, provided financing for the acquisition.
“We commend Jonathan and his team on continuing to thoughtfully build out the Nova platform while delivering higher levels of service to its blue-chip customer base and are excited to help finance the company’s future growth,” said Michael Aingorn, managing director for Crestline Investors.
Nova was founded in 2007 and has served the Texas and Midcontinent regions since that time. Subsequent to closing the acquisition from Kodiak, Nova now has more than 330,000 horsepower in Oklahoma, South Texas, West Texas, and Ark-La-Tex.
Nova Compression is a fast-growing, full-service compression company that utilizes Caterpillar, Waukesha, and Cummins engines with Gemini and Ariel frames. Providing customers with all their gas lift, wellhead and general gas compression needs, from contract compression and maintenance as well as service, and repair.
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