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Stock Market & Financial Investment News

News Breaks
February 18, 2014
08:44 EDTEXLP, EXHExterran announces retirement of CFO William M. Austin
Exterran Holdings (EXH) announced that the company’s CFO, William M. Austin, has decided to retire effective April 4. Until his retirement, he will continue to oversee his current responsibilities and assist in transition planning. The company has engaged Crist Kolder Associates to conduct a search for a successor. Austin also plans to retire as Senior Vice President and director of Exterran GP LLC, the managing general partner of Exterran Partners (EXLP), effective as of April 4, 2014.
News For EXH;EXLP From The Last 14 Days
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April 20, 2015
07:06 EDTEXH, EXLPExterran Partners acquires compression assets from Exterran Holdings for $102.3M
Exterran Holdings, Inc. (EXH) and Exterran Partners, L.P. (EXLP) announced that Exterran Partners has acquired assets from Exterran Holdings for consideration valued at $102.3M, including customer contracts serving 60 customers together with 244 compressor units used to provide compression services under those contracts. Those compressor units represent approximately 151,000 horsepower of compression and approximately 4 percent of the combined U.S. contract operations business of Exterran Holdings and Exterran Partners. In addition, the acquisition includes 179 compressor units comprising approximately 66,000 horsepower previously leased from Exterran Holdings to Exterran Partners. The consideration paid to Exterran Holdings’ affiliates consisted entirely of Exterran Partners’ equity, composed of 3,963,138 common units and 80,341 general partner units. The transaction was approved by the conflicts committee of the board of directors of Exterran Partners’ managing general partner. The conflicts committee, which is composed entirely of independent directors, retained independent legal and financial advisors to assist it in evaluating the transaction.

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