Natural Gas Services Expands Permian Footprint with $120 Million Buy

Southlake-based Natural Gas Services intends to use the purchase to broaden its customer base while scaling up its inventory of high-horsepower and electric motor-driven solutions. Chief Executive Justin Jacobs indicated the integration will be immediately accretive to the company’s core financial metrics, signaling a push to capture more infrastructure demand in key producing regions.

To support the expansion, the company successfully increased its committed credit facility from $400 million to $500 million. The agreement also preserves an accordion feature, allowing the firm to boost total commitments to $600 million if future growth opportunities arise.