KODIAK GAS SERVICES TO ACQUIRE CSI COMPRESSCO LP IN A $854 MILLION DEAL

21 December 2023

On December 19th, 2023, Kodiak Gas Services, Inc. (“Kodiak”, NYSE: KGS) and CSI Compressco LP (“CSI Compressco”, NASDAQ: CCLP) announced that they have executed a definitive merger agreement under which Kodiak will acquire CSI Compressco in an all-equity transaction valued at approximately $854 million, including the assumption of $619 million of net debt, based on the closing price of Kodiak’s stock on December 18, 2023.

Under the terms of the merger agreement, CSI Compressco unitholders will receive 0.086 shares of Kodiak common stock for each CSI Compressco common unit owned.

The transaction has been approved by the Board of Directors of Kodiak and the Board of Directors of CSI Compressco GP LLC.

The transaction is expected to close in the second quarter of 2024, subject to certain regulatory approvals and other closing conditions, including Hart Scott Rodino Act clearance.

KODIAK GAS SERVICES, INC. TO ACQUIRE CSI COMPRESSCO LP IN AN $854 MILLION ALL-EQUITY TRANSACTION


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