Axip Receives Court Approval for Sale of Substantially All Assets to Service Compression, LLC [Yahoo! Finance]
Moelis & Company Class A (MC)
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Source: Yahoo! Finance
the "Company") and Service Compression, LLC ("Service Compression") today announced that the United States Bankruptcy Court for the Southern District of Texas (the "Court") has approved an Asset Purchase Agreement (the "Stalking Horse APA") for the sale of substantially all of Axip's assets and business operations to Service Compression for a purchase price of $161 million, subject to adjustment, in connection with Axip's court-supervised Chapter 11 sale process. Through the Stalking Horse APA, Service Compression, a leading provider of natural gas compression services, established a strong baseline offer for substantially all of Axip's assets. The approved transaction represents a value-maximizing outcome for all stakeholders and ensures continuity of Axip's operations for its customers and vendors under new ownership. "Receiving Court approval is a significant milestone that brings us a step closer to securing a strong future for the business under new ownership," said Ben Chest
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- 2/4/26 - Beat
MC
Sec Filings
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