Atlas (AESI) to Buy Proppant Production Assets in a $450M Deal
AESIAtlas Energy Solutions (AESI) Zacks Investment Research·2024-02-29 21:31

Atlas Energy Solutions Inc. (AESI) , a market leader in the proppant and logistics industry, announced the purchase of Hi-Crush Inc.'s Permian Basin proppant production assets and North American logistics operations in a deal worth $450 million.By combining Atlas’ Dune Express logistics with Hi-Crush’s Oncore + Pronghorn logistics, the acquisition will help expand the former’s logistic capabilities.The companies stated that the buyout will combine two of the largest holders of premium giant open dune sand r ...