Archrock has agreed to acquire HiVolt Energy Holdings for US$415m in cash plus up to US$35m in performance-based payments, the Houston-based compression services company said on 10 November 2026.
Why Archrock, Inc. is buying HiVolt Energy Holdings, LLC
HiVolt provides prime power microgrids that combine generation, battery storage, fuel pipelines and private-line infrastructure. Archrock said the deal would be immediately accretive to earnings and cash available for dividends per share.
Deal terms and financing
The merger agreement sets a purchase price of US$415m, adjusted for working capital, indebtedness, cash and transaction expenses. Archrock also adopted an incentive plan under which selected HiVolt employees can earn up to US$35m in aggregate for 2027–2029, payable in 2028, 2029 and 2030. Archrock said pro forma leverage stays within its 3.0x–3.5x target.
Regulatory approvals and timing
Closing is expected in the first quarter of 2027, subject to customary conditions including the absence of any order prohibiting the deal.
Market context
The deal moves Archrock, whose core business is contract natural gas compression, further into on-site power generation.
