Kodiak Gas (KGS) Agrees to Acquire Distributed Power Solutions for ~$675M, Driving Pre-Market Surge

Kodiak Gas (KGS) announced the acquisition of Distributed Power Solutions for an approximate $675 million in cash, subject to regulatory and due diligence approvals. The deal is expected to close in the second quarter of 2026. The acquisition expands Kodiak Gas's renewable energy portfolio with Distributed Power Solutions' solar and energy storage assets, enhancing its capabilities in distributed energy resources and improving grid reliability. The stock jumped 4.5% in pre-market trading on the news.