Burckhardt Compression and Arkos Field Services, LP (“Arkos”) signed and closed an agreement in which Burckhardt Compression acquired a 40% position in the parts and service company. Arkos, with a workforce of nearly 300 employees, is an experienced compression and equipment service provider for the compression industry, generating revenues of approximately $75 million annually. Arkos was formerly the after-market services arm of a major international compression leasing company and was acquired in a management buyout in August 2014. With headquarters in Houston, Texas, Arkos serves its customers through fifteen well established and strategically positioned service centers enjoying both industry leading safety and training records as well as an outstanding customer service reputation. An established track record of servicing all major compressor brands ensures a rapid response to requests for parts or service, technical guidance and support for all brands of reciprocating compressors. The growth company is managed by experienced leadership and is well positioned to be an ideal platform for further acquisitions in the compressor component and service industry. Certain assets of Burckhardt Compression (US) Inc.'s service business will be transferred to Arkos.

 

　　“Burckhardt Compression can benefit from Arkos’ extensive experience in servicing other brand reciprocating compressors for its joint business both inside and outside of the North American market. Our investment marks another step forward in the implementation of Burckhardt Compression’s strategy of offering customers comprehensive, flexible services and high-quality, advanced technology compressor components” said Marcel Pawlicek, CEO of Burckhardt Compression.