Archrock, Inc. (NYSE: AROC) (Archrock) and Total Operations and Production Services, LLC (TOPS), a provider of contract gas compression services for the Permian Basin and portfolio company of funds managed by affiliates of Apollo Global Management, Inc., announced that they have entered into a definitive agreement under which Archrock will acquire TOPS, including approximately 580,000 horsepower of predominantly young electric motor drive compression assets, in a cash-and-stock transaction valued at US$983 million.

Latham & Watkins LLP represents Archrock in the transaction with a Houston-based corporate deal team led by partners Ryan Maierson and Nick Dhesi, with associates Denny Lee, Anji Yuan, Jordan Armstrong, Siyao Liu, and Caroline Silverstein. Advice was also provided on tax matters by Houston partner Jim Cole, with associate Dominick Constantino; on employee benefits matters by Washington, D.C. partner Adam Kestenbaum and Houston counsel Krisa Benskin, with associate Christina Schrantz; on antitrust matters by Washington, D.C. partner Jason Cruise, with associate Ivy Ziedrich; on insurance matters by Los Angeles partner Drew Levin and San Diego/Los Angeles counsel Hannah Cary, with associate Enrique Covarrubias; on finance matters by Houston partner Craig Kornreich, with associates Max Fin and Joanna Zhao; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Brandon Kerns; on intellectual property matters by New York partner Jeffrey Tochner, with associate Matthew Snyder; on labor and employment matters by Chicago counsel Laura Waller, with associate Elizabeth Duncan; and on real estate matters by Chicago partner Rachel Bates, with associate Ariel Redlich.