---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-027807"
form_type: "8-K"
ticker: "AESI"
cik: "0001984060"
company_name: "Atlas Energy Solutions Inc."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T13:23:52.968005+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Atlas Energy Solutions to acquire Hi-Crush for $450M, creating largest US proppant producer

## Summary
- Deal includes $150M cash, 9.7M shares (~8.8% of Atlas), and $125M seller note; expected close in Q1 2024.
- Pro forma production capacity ~28 million tons; acquired assets expected to contribute $110-125M EBITDA in 2024.
- Synergies >$20M annually by 2026; transaction immediately double-digit accretive to CFPS and EPS.
- ABL facility increased to $125M; new $150M term loan at ~10.5% to fund cash portion and capex.
- Pro forma 2024 Adjusted EBITDA guidance $425-475M; capex $335-360M; sand prices $26-28/ton.

## SEC filing metadata
- accession: 0001104659-24-027807
- form_type: 8-K
- ticker: AESI
- cik: 0001984060
- company_name: Atlas Energy Solutions Inc.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1984060/000110465924027807/0001104659-24-027807-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1984060/000110465924027807/tm247227d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-027807
- JSON: https://secwatch.observer/filing/0001104659-24-027807.json
- Plain text: https://secwatch.observer/filing/0001104659-24-027807.txt

## Key facts
- Material Agreements
  Atlas Energy Solutions Inc. entered into Agreement and Plan of Merger with Hi-Crush Inc., certain stockholders, and others (effective 2024-02-26).
  - Action: entry
  - Agreement: merger
  - Counterparty: Hi-Crush Inc., certain stockholders, and others
  - Effective: 2024-02-26
  source text: On February 26, 2024, Atlas Energy Solutions Inc., a Delaware corporation (the “ Company ” or “ Atlas ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among the Company, Atlas Sand Company, LLC, a Delaware limited liability company (“ Purchaser ”), Wyatt Merger Sub 1 Inc., a Delaware corporation and direct, wholly-owned Subsidiary of Purchaser (“ Merger Sub 1 ”), Wyatt Merger Sub 2, LLC, a Delaware limited liability company and direct, wholly-owned Subsidiary of Purchaser (“ Merger Sub 2 ”), Hi-Crush Inc., a Delaware corporation (“ Hi-Crush ”), each stockholder that has executed the Merger Agreement or a joinder thereto (each a “ Hi-Crush Stockholder ” and, collectively, the “ Hi-Crush Stockholders ”), (f) Clearlake Capital Partners V Finance, L.P., solely in its capacity as the Hi-Crush Stockholders’ representative (the “ Hi-Crush Stockholders’ Representative ”) and (g) HC Minerals Inc., a Delaware corporation (collectively, the “ Parties ”), pursuant
  evidence_url: https://www.sec.gov/Archives/edgar/data/1984060/000110465924027807/0001104659-24-027807-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.