June 1, 2001
Universal Compression Holdings, Inc. (NYSE: UCO), a leading provider of natural gas compression services, today announced that it has completed the acquisition of Louisiana Compressor Maintenance Co., Inc. ("LCM") for approximately $25.7 million in cash.
"LCM is an outstanding supplier of maintenance, repair, overhaul and upgrade services to natural gas pipeline and related markets," said Stephen A. Snider, President and Chief Executive Officer. "With LCM and recently acquired KCI, Inc., a producer of large horsepower compression units, Universal now offers an integrated package of compression products and services for both natural gas field and pipeline markets," added Snider.
Universal, headquartered in Houston, Texas, is a leading natural gas compression services company, providing a full range of rental, sales, operations, maintenance and fabrication services and products to the domestic and international natural gas industry.
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