Atlas Energy Solutions Agrees To Acquire All Of Hi-Crush's Permian Basin Proppant Production Assets And North American Logistics Operations In Transaction Valued At $450M
Portfolio Pulse from Benzinga Newsdesk
Atlas Energy Solutions (AESI) has agreed to acquire all of Hi-Crush's Permian Basin proppant production assets and North American logistics operations in a deal valued at $450 million. The payment structure includes $150 million in cash, $175 million in AESI common stock, and $125 million in deferred cash payments.
February 27, 2024 | 11:19 am
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Atlas Energy Solutions is acquiring Hi-Crush's Permian Basin assets and logistics operations for $450 million, involving cash, stock, and deferred payments.
The acquisition significantly enhances AESI's asset base and logistics capabilities, likely leading to increased operational efficiencies and market reach. The deal structure, involving stock and deferred payments, suggests a strong belief in the long-term value creation from this acquisition. This strategic move could be viewed positively by investors, potentially leading to a short-term uptick in AESI's stock price.
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