Following completion of Exterran Holdings (NYSE: EXH) separation transaction, the US compression services company will be called Archrock. Non-US contract operations, non-US aftermarket services, and global product lines company will keep the “Exterran” name.
In the third quarter of 2015, Exterran expects to separate its international contract operations, international aftermarket services, and global product line businesses into a stand-alone company, resulting in two independent companies. The remaining company, which will be called Archrock, will provide natural gas contract compression services, along with aftermarket services and parts.
Upon completion of the separation transaction, Exterran Partners LP, a master limited partnership, will be named “Archrock Partners LP.”
Executive Vice President Andrew Way will become president and CEO of Exterran when the transaction is complete.
Exterran Holdings owns an equity interest in Exterran Partners, including all of the general partner interest.