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New Deal


Announced

ProFrac to acquire Eagle Ford sand mine from Monarch Silica.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

sand mines

Private

Acquisition

Infrastructure

Majority

Friendly

United States

General Mining

Pending

Single Bidder

Synopsis

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ProFrac, an energy services company, agreed to acquire Eagle Ford sand mine from Monarch Silica, a mining company. Financial terms are not disclosed. "We are pleased to add the Monarch mine to the growing portfolio of in-basin sand mines we operate through Alpine Silica. This transaction further demonstrates ProFrac's commitment to its vertical integration strategy, providing the Company with access to high-quality, local proppant in the Eagle Ford, where we currently operate 8 active fleets. With Monarch's production capacity expected to expand to nearly 4m tons per year by Q1 2023, ProFrac will be well positioned to bundle internally sourced proppant across our active fleets in the region," Matt Wilks, ProFrac Executive Chairman.

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