Natural Gas Services Group Acquires Flatrock Compression$120 million cash and stock acquisition is immediately and materially accretive Diversifies NGS's customer mix while adding multiple new large customers Strategic acquisition deepens NGS's operational footprint across the Permian Basin and Eagle Ford Significantly expands the Company's large horsepower and electric motor driven compression solutions Existing credit facility increased to $500 million in conjunction with acquisition NGS to host a conference call on Monday, June 15, 2026, at 10:00 a.m. Eastern Time SOUTHLAKE, Texas, June 15, 2026 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE: NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced that it has acquired Flatrock Compression Holdings ("Flatrock") for $120 million of consideration consisting of $110 million in cash and $10 million of newly issued NGS common stock.
GlobeNewsWire6/15/2026Neutral