Covia Energy and Black Mountain Sand Merge to Form Iron Oak Energy Solutions

Covia Energy LLC and Black Mountain Sand Holdings LLC have merged in an all-stock transaction to form Iron Oak Energy Solutions, a proppant supplier with roughly 30 million tons of annual production capacity and operations across major North American shale basins. The combined company is privately sponsored by Anchorage Capital Advisors, Golden Gate Capital, and NGP and will be headquartered in Houston, Texas to serve producers with both in-basin and Northern White sand assets.