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Flowco Enhances High-Pressure Gas Lift and Vapor Recovery Fleet through Asset Acquisition

1. Flowco completes acquisition of HPGL and VRU systems from Archrock. 2. This strategic move accelerates growth in gas lift and recovery solutions.

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+3.62%Current Return
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-0.5%S&P 500
$17.1408/04 04:37 PM EDTEvent Start
$17.7608/05 11:24 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition strengthens Flowco's market position and growth prospects, similar to previous beneficial acquisitions in the sector, indicating potential positive price movement.

How important is it?

The acquisition significantly enhances Flowco's capabilities, likely leading to improved financial performance and increased investor interest.

Why Long Term?

As Flowco integrates these assets, long-term revenue growth and market share gains should materialize over time.

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ARCHSLBOXY
HOUSTON--(BUSINESS WIRE)--Flowco Holdings Inc. (NYSE: FLOC) (“Flowco” or the “Company”), a provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry, today announced that it has completed the acquisition of High-Pressure Gas Lift (“HPGL”) and Vapor Recovery Unit (“VRU”) systems from Archrock, Inc. (“Archrock”). The strategic transaction accelerates Flowco's growth in HPGL and Vapor Recovery and emphasizes its leadership in these te.

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