M&A
confidence medium
sentiment positive
materiality 0.75
Atlas Energy to acquire Moser Energy Systems for $220M; expects $40-45M EBITDA contribution in 2025
Atlas Energy Solutions Inc.
- Deal value $220M: $180M cash plus ~1.7M shares valued at $40M (based on 20-day VWAP).
- Acquired assets expected to generate $40-45M Adjusted EBITDA in 2025 (10-month contribution), implying ~4.3x multiple.
- Moser's distributed power platform adds ~212 MW of natural-gas assets with 50%+ EBITDA margin.
- Transaction expected to close before end of Q1 2025 and is described as immediately accretive.
- Atlas also announced preliminary Q4 and full-year 2024 results, but specific figures were not included in the provided exhibit.