Arcline Investment Management, a growth oriented private equity fund with $1.5 billion of capital under management, announced that it has signed a definitive agreement to acquire the Reciprocating Compression division of Baker Hughes, a GE company.
The Reciprocating Compression division manufactures and services mission-critical compression and engine systems that are used in a variety of applications, including the transmission of natural gas across domestic and international pipelines. The Company is the original equipment manufacturer and supplier of parts for its systems and provides overhaul and repair services to its customers. These customers operate a large installed base of its highly respected brands, including Cooper-Bessemer, Ajax, Superior, Gemini, Enterprise, TSI, CSI, TXC, and Joy. Manufacturing is conducted in its facilities in Houston, Texas and Salina, Kansas, while on-site services are delivered through its extensive network of field technicians operating out of five fully equipped repair and overhaul shops strategically located around the U.S.