Solaris Oilfield Infrastructure to acquire Mobile Energy Rentals for $200m.

Solaris Oilfield Infrastructure, a specialized equipment for oil and natural gas operators manufacturer, agreed to acquire Mobile Energy Rentals, a provider of distributed power solutions, for $200m. “We are excited to welcome the MER team to Solaris and expand our mobile infrastructure solutions offering. MER’s solutions complement our all-electric offering and provide access to new end-market opportunities, including oil and gas production, midstream and downstream activities as well as various C&I applications. As we evaluate the ‘electrification of everything’ and computing power growth needs, we believe reliable power access will become a growing challenge that larger scale, distributed power generation assets are well-positioned to address. Together with MER, we will continue to build on the ten plus years of innovation and leading service quality delivery across our business lines,” Bill Zartler, Solaris Chairman and CEO. On August 30,2024, Solaris receives shareholder approvals for proposed acquisition of Mobile Energy Rentals.