Ionada Incorporated announced that it expects to receive funding from Archrock, Inc. and other investors
November 29, 2023
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Ionada Incorporated announced that it will receive a round of funding led by new investor, Archrock, Inc. on November 30, 2023. The transaction will also include participation from a group of strategic investors that includes Yinson Production and a global shipowner and operator.
Archrock, Inc. is an energy infrastructure company with a primary focus on midstream natural gas compression. The Company is a provider of natural gas compression services to customers in the energy industry throughout. the United States. It is a supplier of aftermarket services to customers that own compression equipment. Its segments include Contract Operations and Aftermarket Services. The Contract Operations business is comprised of its owned fleet of natural gas compression equipment that it use to provide operations services to its customers. The aftermarket services business provides a full range of services to support the compression needs of its customers that own compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components. It provides comprehensive contract operations services, such as personnel, equipment, tools, materials and supplies to meet its customerâs natural gas compression needs.