Cook Compression Bolsters Gulf Coast Presence with New Corpus Christi Service Center

DOWNERS GROVE, Ill. – July 1, 2025 – Cook Compression, a leading global provider of reciprocating compressor components and services, and a vital part of Dover Precision Components and its parent company Dover (NYSE: DOV), today announced the grand opening of its state-of-the-art service center in Corpus Christi, Texas. This strategic expansion significantly enhances Cook Compression's operational footprint in the critical Gulf Coast region, a hub for the oil and gas, petrochemical, and industrial processing industries.

The new Corpus Christi facility is designed to provide comprehensive support for Cook Compression's extensive client base, offering a full spectrum of services including compressor valve and packing case repair, component manufacturing, and technical field services. The center will house advanced machining capabilities, a dedicated repair shop, and a team of highly skilled technicians and engineers, ensuring rapid response times and superior service quality for customers operating complex industrial equipment.

This investment underscores Cook Compression's commitment to delivering localized, expert support to its customers. The Gulf Coast, particularly the Corpus Christi area, is experiencing significant growth in energy infrastructure, including LNG export terminals, refineries, and chemical plants. Proximity to these key industrial assets allows Cook Compression to minimize downtime for its clients by providing quicker access to essential maintenance, repair, and overhaul (MRO) services. This localized approach is crucial for industries where operational efficiency and reliability directly impact profitability and safety.

Strategic Importance and Market Context

The opening of the Corpus Christi service center is a strategic move that aligns with broader market trends in the energy and industrial sectors. The demand for reliable and efficient compression technology remains robust, driven by global energy consumption, infrastructure development, and the ongoing need for maintenance and upgrades of existing facilities. Companies like Dover, through its Precision Components segment, are well-positioned to capitalize on these trends by providing essential products and services that underpin industrial operations.

The Gulf Coast region is a cornerstone of the U.S. energy economy. The concentration of upstream, midstream, and downstream operations creates a continuous demand for specialized industrial services. Cook Compression's enhanced presence in Corpus Christi will enable it to better serve this concentrated market, fostering stronger customer relationships and potentially capturing a larger share of the MRO market in the region. This expansion is not just about physical presence; it's about embedding Cook Compression deeper into the operational fabric of its key customers.

Investment Insights for Dover (NYSE: DOV)

For investors tracking Dover (NYSE: DOV), this announcement signals continued strategic investment in high-growth, high-margin segments. Dover's Precision Components segment, which includes Cook Compression, is a key contributor to the company's overall revenue and profitability. Investments like the Corpus Christi service center demonstrate Dover's commitment to organic growth and strengthening its market leadership in critical industrial applications.

This expansion is likely to have a positive, albeit incremental, impact on Dover's long-term revenue growth and operational efficiency. By improving service delivery and customer satisfaction in a vital industrial region, Cook Compression can enhance its competitive advantage and secure recurring service revenues. Investors should view this as a positive indicator of Dover's disciplined capital allocation and its focus on expanding its aftermarket services, which often carry higher margins and provide more stable revenue streams compared to new equipment sales.

Furthermore, the move reinforces Dover's resilience in diverse market conditions. While new capital expenditures in the energy sector can be cyclical, the demand for MRO services remains relatively stable as existing infrastructure requires continuous upkeep. This strategic investment in service capabilities helps de-risk Dover's exposure to new project volatility and strengthens its recurring revenue base.

In conclusion, the new Cook Compression service center in Corpus Christi is a testament to Dover's strategic vision, reinforcing its commitment to customer proximity, operational excellence, and long-term growth in the industrial services sector. This move solidifies its position in a critical market, promising enhanced service delivery and sustained value creation for its stakeholders.