Universal Compression Completes Acquisition of Louisiana Compressor Maintenance

July 16, 2001

HOUSTON, July 16 /PRNewswire/ -- 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.

Statements about Universal's outlook and all other statements in this release other than historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside Universal's control, which could cause actual results to differ materially from such statements. While Universal believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are integration and anticipated synergies of LCM, KCI and other recent acquisitions, the demand for Universal's products and services and operating conditions. These risk factors are discussed in Universal's filings with the Securities and Exchange Commission, copies of which are available to the public. Universal expressly disclaims any intention or obligation to revise or update any forward-looking statements whether as a result of new information, future events, or otherwise.


SOURCE Universal Compression Holdings, Inc.
CONTACT: Investor Relations, David Oatman, Director of Universal Compression Holdings, Inc., 713-335-7460; or General Inquiries, Jeffrey Wilhoit of The Financial Relations Board-BSMG Worldwide, 312-640-6757