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0 0.0212264150943398 0.000235849056603894 0.000707547169811348 0.0377358490566038 0.0363207547169813 0.0400943396226416 0.0721698113207548
Stock impact report

Kodiak Gas Services to Acquire Distributed Power Solutions

Kodiak Gas Services, Inc. (KGS) 
Company Research Source: Business Wire
THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced that it entered into a definitive agreement to acquire Distributed Power Solutions, LLC (“DPS”), a leading provider of turnkey, scalable and highly-reliable distributed power solutions serving a diverse set of customers and end markets, in an equity and cash transaction valued at approximately $675 million (the “Acquisition”), subject to adjustment in accordance with the purchase agreement. The purchase price includes $575 million in cash, subject to adjustment in accordance with the purchase agreement, and the issuance of 2,401,278 shares, representing approximately $100 million of Kodiak common stock, to the sellers.Strategic Rationale and Transaction Highlights:Premium Generation Fleet: DPS’s fleet consists of approximately 384 MW of state-of-the-art distributed power generation assets driven by a mix of Caterpillar reciprocating engines and turbines.Compelli Show less Read more
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