Westerman Interests, Inc. (NYSE: USAC) reports 18.2M unit stake
Rhea-AI Filing Summary
Westerman Interests, Inc. filed an initial ownership report as a 10% owner of USA Compression Partners, LP. The filing shows indirect beneficial ownership of 18,175,323 Common Units representing limited partner interests, held of record by Westerman, Ltd., for which Westerman Interests, Inc. serves as sole general partner with power to direct voting and disposition. The units were received by Westerman, Ltd. as part of consideration under a stock purchase agreement where a subsidiary of USA Compression Partners agreed to acquire all outstanding capital stock of J-W Energy Company for an aggregate purchase price of approximately $860.0 million, consisting of $430.0 million in cash and Common Units valued at approximately $430.0 million. The acquisition closed on January 12, 2025, and Westerman Interests, Inc. disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Units Representing Limited Partner Interests | -- | -- | -- |
Footnotes (1)
- Westerman, Ltd. ("Westerman LP") received the Common Units reported in this Form 3 as part of the consideration under that certain Stock Purchase Agreement (the "Purchase Agreement"), dated November 29, 2025, among the Issuer, USA Compression Partners, LLC, a wholly owned subsidiary of the Issuer (the "Buyer"), Westerman LP, J-W Energy Company ("J-W Energy") and J-W Power Company, pursuant to which the Buyer agreed to purchase all of the issued and outstanding capital stock of J-W Energy from Westerman LP for an aggregate purchase price of approximately $860.0 million, subject to certain customary adjustments as set forth in the Purchase Agreement (the "Acquisition"), consisting of (i) $430.0 million of cash and (ii) Common Units of the USA Compression Partners, LP with a value of approximately $430.0 million. The Acquisition closed on January 12, 2025 (the "Closing"). The reported Common Units are held of record by Westerman, Ltd. Westerman Interests, Inc., as the sole general partner of Westerman, Ltd., may be deemed to beneficially own the Common Units held directly by Westerman, Ltd. by virtue of its power to direct the voting and disposition of such securities. Westerman Interests, Inc. disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.
FAQ
What does the USAC Form 3 filed by Westerman Interests, Inc. report?
The Form 3 reports that Westerman Interests, Inc. is a 10% owner of USA Compression Partners, LP (USAC) and indirectly holds 18,175,323 Common Units representing limited partner interests through Westerman, Ltd.
How many USA Compression Partners (USAC) units are reported as beneficially owned?
The filing shows indirect beneficial ownership of 18,175,323 Common Units of USA Compression Partners, LP, with the units held of record by Westerman, Ltd..
Is the USAC ownership held directly by Westerman Interests, Inc.?
No. The Common Units are held of record by Westerman, Ltd.. Westerman Interests, Inc., as the sole general partner of Westerman, Ltd., may be deemed to beneficially own the units by virtue of its power to direct voting and disposition, and it disclaims beneficial ownership except to the extent of its pecuniary interest.
How did Westerman, Ltd. obtain its USA Compression Partners (USAC) units?
Westerman, Ltd. received the Common Units as part of consideration under a Stock Purchase Agreement in which a subsidiary of USA Compression Partners agreed to purchase all outstanding capital stock of J-W Energy Company for approximately $860.0 million, consisting of $430.0 million in cash and Common Units valued at approximately $430.0 million.
What type of SEC filing is this for USA Compression Partners (USAC)?
This is a Form 3, which is an initial statement of beneficial ownership filed by a person or entity that becomes a director, officer, or 10% owner of a registered class of an issuer's equity securities.