Archrock is expanding its energy infrastructure footprint by acquiring HiVolt Energy for up to $450 million, a move expected to be immediately accretive to earnings and cash dividends upon the deal's early 2027 closing.
Archrock announced on Nov 10, 2026 a definitive agreement to buy HiVolt for up to $450 million ($415 million cash at close plus $35 million earnout), at about 6.1x the midpoint of HiVolt's expected 2028 adjusted EBITDA of $70-75 million. The deal is stated to be immediately accretive to EPS and cash available for dividend per share, with leverage staying within the 3.0x-3.5x target. A clearly quantified, accretive acquisition is a hard positive fact for the stock, though closing only in early 2027 and regulatory conditions temper the effect.
Archrock, Inc. announced a definitive agreement to acquire HiVolt Energy Holdings, LLC for up to $450 million. The deal includes $415 million in cash at closing and $35 million in potential earnouts, with completion expected in early 2027. The acquisition is projected to be immediately accretive to earnings per share and cash available for dividends while maintaining Archrock's leverage target of 3.0x to 3.5x.
Up to $450 million in total: $415 million in cash at close plus $35 million of earnout incentives tied to commercial milestones, funded with available capacity under Archrock's ABL credit facility.
Closing is expected in early 2027, subject to regulatory approval. HiVolt brings over 80 megawatts of contracted prime power capacity under long-term take-or-pay style power purchase agreements of five to eight years, and the deal is expected to be immediately accretive to earnings per share and cash available for dividend per share.