The background Inverlat Investmentswhich in the country is Havanna ownerbought the Argentine subsidiary of Compressco through its subsidiary Aspro Oil Services to provide energy solutions in Dead Cow.
“This strategic operation, which occurs in a context of growing demand for gas and oil At a global level, it consolidates Aspro’s position as a provider of energy solutions for the hydrocarbon industry and will allow the company to significantly expand its service offering. improve its operational efficiency and strengthen its presence in Vaca Muerta”they maintained from Inverlat Investmentsthe fund of venture capital and private equity entities founded by four former directors of Citibank.
What are Aspro and Compressco doing in Vaca Muerta?
Just like Aspro, the company Compressco Argentina is a leader in the rental of gas compressors for oil wells and has a solid operational base in the Neuquén town of Cutral Co. The company works “closely” with YPF and the main companies in the sector, employing 80 collaborators.
Aspro has more than 40 years of experience in the manufacturing and marketing of compressors and equipment for the hydrocarbon sector. Its products are also used in CNG/CNG stations, oil and gas fields, and other industrial applications. Through its network of representatives worldwide, this firm is present in 45 countries with more 5,700 compressors installed.
According to the companies, with this acquisition Compressco Argentina and Aspro will merge in the short term under the brand Asprostrengthening the operational and commercial capacity of both companies. Pablo Orlandi, current CEO of Aspro, will assume leadership of the integrated firm.
“This operation represents a key step in our vision of growth in Vaca Muerta, where we continue to focus on the energy development of Argentina. With the integration of Compressco Argentina, we strengthen our capabilities to provide innovative solutions to our clients and accompany the development of one of the most important reserves in the world,” said Orlandi.
Aspro Vaca Muerta gas compressors
The purchase of the Argentine subsidiary of this company, which had been acquired worldwide at the beginning of 2024 by kodiakdemonstrates the vision of Inverlat to enhance its role in the national and regional energy matrix.
Kodiak Gas Services is the largest provider of contract compression services in the United States, with a revenue-generating fleet of approximately 4.3 million horsepower in operation in the Permian Basin and Eagle Ford Shale.
In the statement sent to Energy Reporthighlighted that the growth of Inverlat and Aspro in Dead Cow Not only does it reinforce its leadership in the energy sector, but it also generates “new employment and development opportunities in a key region for the future of the country.”
Who is behind Inverlat Investments?
Inverlat Investments is a private investment company created in 2011 whose founding partners are Carlos Giovanelli, Damián Pozzoli, Osvaldo Pieruzzini and Guillermo Stanleyfour former senior managers of Citibank during the 90s and early 2000s. But in recent years and after the government of Mauricio Macri in the Nation and María Eugenia Vidal in the province, Federico Salvai joined as partner to replace Pieruzzini.
The fund directs its investments to companies controlled in Latin America, and therefore, its portfolio also included the alfajadores factory and other food products. Havanna; Degasadedicated to the gastronomic operation with the brands KFC, Wendys and China Wok; the brand Reef Argentinaleader in the surf clothing and footwear segment; the specialized printing press Accounting Printer SA..
However, in the last ones they focused on Energy, Real Estate, Oil & Gas, Telecommunications and Construction. For this reason, among its investments today the auto parts company stands out ICSA; S1 Gatewaya customer service platform that optimizes user experiences, and the company baris.
“Inverlat operates based on a deep understanding of the local environment, seeking attractive advantages for its investors and clients”they assure.
Did they put Havanna on sale?
Last September a rumor circulated about the sale of Havanna, which was soon denied. The version arose because Inverlat commissioned UBS bank to study the local and international market in which the alfajores chain operates, which has been part of its portfolio since 2016. The signing of this contract immediately generated sales rumorswhich were quickly relativized by the partners.
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“In response to news published in the foreign press about the hiring of the investment bank UBS, Havanna communicates that, as it has done in recent years, the company wants to always be at the forefront in its sector, which is why it periodically analyzes the local and international market“Havanna explained in an official statement that came out to clarify information published by Brazilian media.
Havanna It is majority owned by Inverlat, but also has a 7% portion of shares listed on the Buenos Aires Stock Exchange. In that country, it has 191 franchised stores and is the most important after Argentina, where it has around 250 branches.
Source: Ambito
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