Westerman Ltd reports 18.2M USAC units on Form 3
Westerman, Ltd. filed an initial ownership report as a 10% owner of USA Compression Partners, LP, disclosing beneficial ownership of 18,175,323 Common Units representing limited partner interests, held directly.
Rhea-AI Filing Summary
Westerman, Ltd. filed an initial ownership report as a 10% owner of USA Compression Partners, LP, disclosing beneficial ownership of 18,175,323 Common Units representing limited partner interests, held directly. These units were received as part of the consideration in a stock purchase agreement under which a USA Compression subsidiary agreed to acquire all of the capital stock of J-W Energy Company from Westerman, Ltd.
The acquisition carried an aggregate purchase price of approximately $860.0 million, consisting of $430.0 million in cash and USA Compression common units valued at approximately $430.0 million. The acquisition closed on January 12, 2025, and this Form 3 reflects Westerman, Ltd.’s resulting ownership position as a significant unitholder.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Units Representing Limited Partner Interests | -- | -- | -- |
Footnotes (1)
- F1. 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").
FAQ
Who is the reporting person on this USA Compression Partners (USAC) Form 3?
How many USA Compression Partners (USAC) common units does Westerman, Ltd. report on Form 3?
How did Westerman, Ltd. acquire its USA Compression Partners (USAC) units?
What was the total purchase price in the J-W Energy acquisition involving USA Compression Partners (USAC)?
When did the J-W Energy acquisition involving USA Compression Partners (USAC) close?
Is Westerman, Ltd.’s ownership in USA Compression Partners (USAC) direct or indirect?
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