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The Woodlands Today
By the People, for the People
Kodiak Gas Completes $587M Acquisition, Adds 395 MW in Distributed Power
The deal expands Kodiak's platform into data centers, microgrids and manufacturing.
Apr. 1, 2026 at 10:36pm
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Kodiak Gas Services, Inc. (NYSE: KGS) has completed the $587 million acquisition of Distributed Power Solutions, LLC, a leading provider of turnkey distributed power generation solutions. The acquired business has been rebranded as Kodiak Power Solutions, a division of Kodiak Gas Services. The acquisition adds approximately 395 megawatts of generation capacity and broadens Kodiak's customer base across data centers, microgrids, manufacturing and energy infrastructure end markets.
Why it matters
The successful closing of the DPS transaction represents an important milestone in Kodiak's evolution, expanding the company's platform beyond contract compression into distributed and behind-the-meter power generation. This acquisition is expected to be immediately accretive to Kodiak's earnings and discretionary cash flow per share, while further extending the duration and stability of the company's contracted cash flows.
The details
Closing consideration consisted of $587 million of cash (including adjustments for certain additional power generation assets, indebtedness assumed and working capital) and the issuance of approximately 2.4 million shares of Kodiak common stock. Integration activities are underway, with a focus on maintaining service continuity, operational excellence and safety across the combined platform.
- The acquisition was announced and completed on April 1, 2026.
The players
Kodiak Gas Services, Inc.
A leading contract compression, distributed power and energy infrastructure services provider in the United States, serving as a critical link in the infrastructure that enables the safe, reliable and efficient production, transportation and generation of energy.
Distributed Power Solutions, LLC
A leading provider of turnkey distributed power generation solutions that has been rebranded as Kodiak Power Solutions, a division of Kodiak Gas Services.
Mickey McKee
President and Chief Executive Officer of Kodiak Gas Services.
What they’re saying
“The successful closing of the DPS transaction represents an important milestone in Kodiak's evolution. DPS is a natural strategic extension of our core large-horsepower operating capabilities. We are excited to welcome the DPS team to Kodiak and look forward to delivering long-term value to our customers and shareholders through highly contracted, reliable and scalable power solutions.”
— Mickey McKee, President and Chief Executive Officer
What’s next
Kodiak expects the acquisition to be immediately accretive to earnings and discretionary cash flow per share, while further extending the duration and stability of the company's contracted cash flows. Integration activities are underway, with a focus on maintaining service continuity, operational excellence and safety across the combined platform.
The takeaway
This acquisition represents a strategic expansion for Kodiak Gas Services, diversifying its business beyond contract compression and into the growing distributed power generation market. The deal is expected to provide immediate financial benefits while also broadening Kodiak's customer base and enhancing the stability of its cash flows.
