.
MergerLinks Header Logo

Announced

Completed

ProFrac completed the acquisition of US Well Services from Signal Peak Silica for $349m.

Financials

Edit Data
Transaction Value£310m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales1.8x
EV/EBITDA22.6x
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Domestic

Electronic Equipment: Other

Acquisition

United States

pumping services

Majority

Friendly

Public

Completed

Synopsis

Edit

ProFrac, an energy services company, completed the acquisition of US Well Services, a provider of electric pressure pumping services, from Signal Peak Silica, an owner and operator of two in-basin frac sand facilities, for $349m. "The acquisition of US Well Services solidifies ProFrac's position as an industry leader in electric hydraulic fracturing, which we believe represents the future of the industry. In today's environment, we believe electric frac fleets provide improved efficiency, lower R&M costs, greater value, and a lower overall cost of completion to our customer. It is a true win-win scenario for us, our customers, the environment and the communities in which we operate," Matt Wilks, ProFrac Executive Chairman.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US