Natural Gas Services Company Acquired

An Austin- and Dallas-based natural gas services provider was acquired by a group of equity funds, the companies announced Monday.

The Riverstone/Carlyle Global Energy and Power Funds purchased USA Compression Holdings LP, the parent company of USA Compression Partners LLC, for an undisclosed amount. Riverstone/Carlyle, an energy-focused private equity consortium, is overseen by $17 billion investment fund manager Riverstone Holdings LLC.

USA Compression, founded in 1998, is one of the largest natural gas compression service providers in the nation. The company services businesses in 13 states with more than 610,000 horsepower of compression equipment.

The Riverstone/Carlyle Global Energy and Power Funds in April invested an unspecified amount in Austin-based Three Rivers Operating Co. The Central Texas private upstream oil and gas enterprise at the same time acquired West Texas and New Mexico assets from the Chesapeake.