Announced
Completed
Financials
Tags
United States
oil and gas
Integrated Oil and Gas
Acquisition
Domestic
Majority
Private
Friendly
Single Bidder
Private Equity
Completed
Infrastructure
Synopsis
Atlas Energy Solutions, an oil and gas company, completed the acquisition of Permian Basin proppant production assets and North American logistics operations from Clearlake-backed Hi-Crush, an oil and gas company, for $450m. "We are thrilled to complete this acquisition, which brings two of the leading innovators in the proppant and proppant logistics spaces together, creating a clear industry leader. We believe this combination will accelerate efficiency gains for our combined customer base and will contribute to drive the ongoing transformation of the Permian Basin from a traditional oilfield to a more sustainable state-of-the-art energy manufacturing center on the ground," Bud Brigham, Atlas Energy Executive Chairman and CEO.
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