Solaris Energy Infrastructure Acquires Mobile Energy Rentals

July 9, 2024

Solaris Oilfield Infrastructure (renaming to Solaris Energy Infrastructure) has acquired Mobile Energy Rentals LLC for $200 million in a transaction that includes $60 million cash and ~16.5 million Solaris Class B shares issued to MER's founders and management. The deal expands Solaris' distributed power capabilities and end-market exposure (including oil & gas, data centers and C&I), adds a contracted mobile turbine fleet (153 MW today, expected to grow to 478 MW by Q3 2025) and is supported by new debt financing to fund fleet expansion.

Buyers
Solaris Oilfield Infrastructure, Inc. (now Solaris Energy Infrastructure, Inc.)
Targets
Mobile Energy Rentals LLC
Sellers
MER shareholders (founders and management)
Industry
Energy
Location
Texas, United States
Transaction Type
Buyout

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