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New Deal


Announced

Brigham Minerals to acquire the mineral and royalty assets of Echo Minerals for $32m.

Financials

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Transaction Value£27m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Oil Equipment and Services

Domestic

Acquisition

Friendly

mineral and royalty

Pending

Private

United States

Single Bidder

Synopsis

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Brigham Minerals, a mineral acquisition company, agreed to acquire the mineral and royalty assets of Echo Minerals, a mineral explorer, for $32m. “Echo Minerals is thrilled to come to an agreement to sell a portion of our Permian mineral portfolio to the Brigham team. They are an exceptional organization, and we are excited to share in their future value creation as new shareholders," Christian Kanady, Echo Founder and CEO.

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