ProFrac to acquire SP Silica of Monahans and SP Silica Sales for $90m.

ProFrac, a firm engaged in providing hydraulic fracturing, completion services, and other complementary products and services, to acquire SP Silica of Monahans and SP Silica Sales, West Texas subsidiaries of Signal Peak Silica, a logistic company that offers in-basin frac sand supply and logistics services, for $90m. "Our acquisition of Signal Peak Silica's Permian Basin operations is the latest example of scaling our vertical integration strategy as we continue to consolidate supply chain components to better serve our customers, lower our costs and improve our operating margins and profitability," Ladd Wilks, ProFrac Holding CEO.