04:44 PM EDT, 08/30/2024 (MT Newswires) -- Archrock ( AROC ) said late Friday it has completed the previously announced $983 million acquisition of Total Operations and Production Services.

The company said it obtained 580,000 horsepower, including about 500,000 of which is operational, and a significant backlog of new equipment orders through this transaction.

At closing, Archrock ( AROC ) issued around 6.87 million new common shares to the sellers and financed the $826 million cash portion of the purchase with funds from its recent capital markets transactions, the company said.