Burckhardt Compression North America Services LLC, an indirect subsidiary of Burckhardt Compression, has exercised its first call option to purchase an additional 20% interest in Arkos Group LLC, which owns Arkos Field Services. With this step, Burckhardt Compression North America is raising its total interest in the company to 60%.
In December 2015, Burckhardt Compression North America Services acquired a 40% interest in Arkos Group. The call option to acquire an additional 20% stake was part of the original limited liability company agreement of Arkos Group and the transfer of the additional 20% stake will be completed once all of the legal formalities have been completed. Burckhardt Compression North America Services has another call option to potentially acquire the remaining 40% at a future date.
Arkos is a specialist for gas compressor services and components. Headquartered in Waller, Texas, USA, it operates an additional 15 service centers throughout the Lone Star State, as well as California, Louisiana, Michigan, Oklahoma, and Pennsylvania.