Archrock Agrees to Acquire HiVolt Energy Holdings for Up to $450 Million
Archrock agreed to acquire HiVolt in an all-cash transaction valued at up to $450 million, including a $415 million upfront payment and $35 million in earnout incentives tied to commercial milestones.
By Stephen NakrosisArchrock said it agreed to acquire HiVolt in an all-cash transaction with an aggregate value of up to $450 million.The deal calls for an upfront purchase price of $415 million, and includes $35 million of earnout incentives based on reaching commercial milestones, the company sai…