A Return To Independence

With roots that can be traced back to 1833, the Cooper brand has a strong heritage in the oil and gas industry. In its 186-year history, it has been part of Bessemer, Cameron, GE, and Baker Hughes, a GE Company (BHGE). In August, BHGE sold its Reciprocating Compressor Division to Arcline Investment Management, a private equity firm with offices in San Francisco and New York, USA. The deal introduces Cooper Machinery Services and effectively returns the Cooper brand to independent operation for the first time in decades.

Headquartered in Houston, USA, Cooper Machinery Services now takes ownership of such stalwart brands as Cooper-Bessemer, AJAX, Superior, Gemini, Enterprise, TSI Turbochargers, and Texcentric. “There is a lot of nostalgia with the Cooper brand,” said Meraj Anas, president, Cooper Machinery Services. “We reached out to our employees around the world and asked them to give us their recommendation on the company name. Over the course of three days, we received over one hundred suggestions. More than 90% of those had Cooper in the name. There’s a lot of pride there. We came up with Cooper Machinery Services to pay tribute to the Cooper heritage that began in 1833 and to bring the brand back to the spotlight.”

Anas points to the speed at which the company moved to finalize its name and branding as an indication of what lies ahead. “Speed of decision-making is something that we’re …

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This article appears in the September 2019 issue of Gas Compression Magazine. You can read the entire article right now by clicking the link above.

Arcline Investment Management to Acquire the Reciprocating Compression Division of Baker Hughes, a GE Company

HOUSTON, July 18, 2019 /PRNewswire/ — Arcline Investment Management (“Arcline”), a growth oriented private equity firm with $1.5 billion of capital under management, today announced that it has signed a definitive agreement to acquire the Reciprocating Compression division of Baker Hughes, a GE company (NYSE: BHGE).

The Reciprocating Compression division (“the Company”) manufactures and services mission-critical compression and engine systems that are used in a variety of applications, including the transmission of natural gas across domestic and international pipelines. The Company is the original equipment manufacturer and supplier of parts for its systems and provides overhaul and repair services to its customers. These customers operate a large installed base of its highly respected brands, including Cooper-Bessemer, Ajax, Superior, Gemini, Enterprise, TSI, CSI, TXC, and Joy. Manufacturing is conducted in its facilities in Houston, TX and Salina, KS, while on-site services are delivered through its extensive network of field technicians operating out of five fully equipped repair and overhaul shops strategically located around the U.S.

Arcline commented, “BHGE’s Reciprocating Compression division serves the most critical infrastructure applications of its customers. We plan to aggressively invest in our long standing, loyal employee base so that they can support every brand of our equipment operating in the field.”

Robert W. Baird & Co. served as financial advisor to Arcline in connection with the acquisition.

About Arcline

Arcline is a private equity firm with $1.5 billion in capital, investing in niche, market-leading companies that we are passionate about growing. We approach investments from multiple perspectives, but share a single vision — to identify and unlock the breakout potential in our companies. While we are deliberately sector generalists, some of our primary interest areas include Industrials, Technology, Life Sciences, and Specialty Chemicals.

Contact Information:
contact@arcline.com
(415) 801-4570
www.arcline.com

Contact (For Press Inquiries Only):
Julie Oakes
Joele Frank, Wilkinson Brimmer Katcher
(212) 355‐4449

SOURCE Arcline Investment Management