Atlas Energy Solutions Acquires Hi-Crush Permian Proppant Assets
February 27, 2024
Atlas Energy Solutions Inc. agreed to acquire Hi-Crush Inc.'s Permian Basin proppant production assets and North American logistics operations in a transaction valued at $450 million, comprised of $150 million cash up-front, $175 million in AESI common stock and $125 million in a seller's note. The deal (effective Feb 29, 2024) expands Atlas's pro forma production capacity to ~28 million tons, broadens its logistics capabilities (adding Pronghorn and OnCore), is expected to be accretive to CFPS/EPS and to yield over $20 million of annual synergies by 2026; the transaction excludes Hi-Crush's Northern White Sand mining assets and northeastern rail terminals.
- Buyers
- Atlas Energy Solutions Inc. (NYSE: AESI)
- Targets
- Hi-Crush Inc.
- Sellers
- Hi-Crush Inc., Clearlake Capital Group, L.P., Whitebox Advisors LLC
- Industry
- Energy
- Location
- Texas, United States
- Transaction Type
- Divestiture
Explore More
Related Acquisitions
-
Atlas Energy Solutions Acquires PropFlow
July 29, 2025
Energy
Atlas Energy Solutions Inc. (NYSE: AESI) has acquired PropFlow, LLC, a provider of patented on-wellsite proppant filtration technology, in a deal that closed July 28, 2025. The acquisition is intended to strengthen Atlas' proppant handling and well-completion capabilities by integrating PropFlow's filtration system with Atlas' sand supply and logistics platform.
-
ProPetro Acquires Aqua Prop
June 3, 2024
Energy
ProPetro Holding Corp. (NYSE: PUMP) acquired Aqua Prop LLC, a provider of wet sand solutions for hydraulic fracturing, in an all-cash transaction initially valued at $35.6 million net of working capital. The acquisition expands ProPetro’s integrated completions capabilities by adding onsite sand storage, handling and preferred logistics access and includes cash consideration, earnout incentives and potential growth capex.
-
Ares Management Acquires Controlling Interest in Atlas Crane Service
August 23, 2022
Industrial Services
A fund managed by the Infrastructure Opportunities strategy of Ares Management has acquired a controlling interest in Atlas Crane Service, a full-service crane rental and MRO provider headquartered in Aurora, Illinois. Ares will support Atlas' growth, geographic expansion and capability expansion in the wind/renewables market while Atlas' executive team, led by CEO Zach Prentis, remains in place; financial terms were not disclosed.
-
ProFrac Holding Corp. Acquires REV Energy Holdings and Performance Proppants (plus Monarch Silica Eagle Ford operations)
December 27, 2022
Energy
ProFrac Holding Corp. (NASDAQ: ACDC) announced it closed the previously announced acquisition of the Eagle Ford sand mining operations of Monarch Silica and entered agreements to acquire REV Energy Holdings, LLC for $140 million and Performance Proppants (Performance Holdings I, LLC and Performance Holdings II, LLC) for $475 million in cash. The transactions expand ProFrac’s pressure pumping footprint in the Rockies and South Texas and materially grow its in-basin proppant capacity in the Haynesville as part of a vertical-integration strategy.
-
Iron Oak Energy Acquires High Roller Sand
April 2, 2025
Energy
Iron Oak Energy Solutions LLC has acquired High Roller Sand, adding a low-cost proppant facility near Kermit in Winkler County, Texas to expand its Permian Basin footprint and increase in-basin production capacity. The acquisition raises Iron Oak's annual production capacity and strengthens its network to serve Midland and Delaware Basin operators more reliably.
-
Liberty Oilfield Services Acquires PropX (Proppant Express Investments, LLC)
October 27, 2021
Energy
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.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.