...March 17, 2022 - Canadian midstream energy company Enerflex Ltd. is acquiring U.S.-based Exterran Corp. for $735 million to become a global provider of natural gas compression, electric power generation, and related engineering services. We expect the transaction to close in the second or third quarters of 2022. - We assigned our '##-' issuer credit rating to Enerflex. - The stable outlook reflects our expectation that Enerflex will successfully close its acquisition of Exterran and integrate the company while maintaining leverage in the low-3x area. NEW YORK (S&P Global Ratings) March 17, 2022--S&P Global Ratings today took the rating actions listed above. The proposed transaction will increase Enerflex's scale, extend its geographic reach, and expand its service offerings. We believe the acquisition will broaden the company's scale and geographic reach and expand its product lines as it grows its natural gas production, water treatment, and emerging energy transition business. Enerflex's...
