Archrock paid for the transaction with US$205 million cash and 21.7 million new shares of Archrock stock issued to the seller. In a separate transaction, Harvest Midstream Co. acquired active and idle compression assets totaling 80,000 hp (59,656 kW) from Archrock for US$30 million.

　　“The assets being acquired from Elite are highly utilized, predominantly large-horsepower compression units, more than 80% of which are contracted for more than three years with blue-chip customers,” said Brad Childers, Archrock’s president and CEO. “This transaction adds basin density in our core areas, with more than 70% of the units deployed in the Eagle Ford and South Texas region.”

　　Archrock plans to rebrand Elite. Most of Elite’s employees have joined Archrock, while some from the executive management team will be with the company on a consulting arrangement, said Paul Burkhart, the company’s treasurer and vice president of investor relations.

　　“Everything will become Archrock,” Burkhart said.