Liberty Oilfield Services Acquires PropX (Proppant Express Investments, LLC)
October 27, 2021
Liberty Oilfield Services Inc. acquired PropX (Proppant Express Investments, LLC), a Denver-based provider of last-mile proppant delivery equipment, logistics and software, in a transaction valued at approximately $90 million (cash and stock). The deal adds PropX's wet sand handling technology, proppant containers and PropConnect logistics software to Liberty's completion services offering to improve logistics efficiency and reduce emissions.
- Buyers
- Liberty Oilfield Services Inc.
- Targets
- PropX (Proppant Express Investments, LLC)
- Industry
- Energy
- Location
- Colorado, United States
- Transaction Type
- Buyout
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