Nova Compression, a gas compression company with operations in Oklahoma, Texas and Louisiana, increased its total horsepower to 120,000 with the purchase of the Oklahoma rental fleet of compression packages from Heartland Compression, a subsidiary of Reserve, LA-based Louisiana Machinery (LMC). CIT Northbridge provided debt financing for the transaction.
In February 2021, Nova Compression purchased compression packages from Houston-based Archrock, bringing its total compression from 40,000 horsepower to 80,000 horsepower.
“The new employees and assets further cement Nova’s status as the market’s leading provider of production-based compression,” Jonathan Mitchell, CEO of Nova Compression, said. “We are proud of the way Nova has grown quickly without sacrificing customer service or efficiency. It is a testament to the hard work, dedication and professionalism of the entire Nova team.”
