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ProFrac Holdings

Company Summary

Recent news

  • 12/27/2022 - ProFrac Acquiring... (subscriber access)
  • 12/27/2022 - ProFrac Acquiring... (subscriber access)
  • 12/27/2022 - ProFrac Closes on... (subscriber access)
  • 12/6/2022 - ProFrac Holding to... (subscriber access)
  • 11/2/2022 - ProFrac Holding Corp.... (subscriber access)

Company Transactions

Date: 12/31/2022
Type: Acquisition

BUYERS:
  • ProFrac Holdings
    • SELLERS:
  • U.S. Well Services
    • DETAILS:
    NOTES:
    ProFrac Holding Corp. has reached a deal to acquire U.S. Well Services in a stock-for-stock transaction that includes a ratio of 0.0561 shares of ProFrac for each share of USWS held. They plan to close on the deal in 4Q22.
    REGIONS:
  • North America

    • Date: 11/2/2022
    Type: Acquisition

    BUYERS:
  • ProFrac Holdings
    • SELLERS:
  • U.S. Well Services
    • DETAILS:

    COST: 270 $MM

    NOTES:
    The combined firms create an industry leader in the electric frac space, with ProFrac Executive Chairman Matt Wilks citing that they will have "an expected 44 active fleets by the first quarter of 2023, including 12 electric fleets and over 13 Tier IV dual fuel fleets."
    REGIONS:
  • North America