MAMMOTH ENERGY SERVICES, INC. (TUSK): M&A transaction — Mammoth Energy sells infrastructure units for $108.7M; CEO to depart, share buyback authorized

MAMMOTH ENERGY SERVICES, INC.

Aggregate sale price $108.7M; net cash proceeds of $98.3M; $10.4M escrow for post-closing adjustments.
CEO Phil Lancaster will join buyer Peak by July 1, 2025; board initiated search for successor.
Authorized share repurchases up to $50M or 10M shares through March 2026, subject to minimum $50M cash balance.
Cash balance grows to ~$160M; purchased 8 small passenger aircraft for $11.5M under long-term leases.
Preliminary Q1 2025 indicates sequential improvement and positive Adjusted EBITDA.

item 1.01 item 2.01 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

MAMMOTH ENERGY SERVICES, INC. completed a disposition involving Peak Utility Services Group, Inc. for $108.7 million (closed 2025-04-11).

Action: disposition
Counterparty: Peak Utility Services Group, Inc.
Consideration: $108.7 million
Closing: 2025-04-11

Exact text from the filing

The Transaction was completed simultaneously with the signing of the Agreement on April 11, 2025. The aggregate sales price in connection with the Transaction was approximately $108.7 million, subject to customary post-closing adjustments. Of the $108.7 million, $98.3 million was paid to Lion and the remaining $10.4 million was deposited into an escrow account for the

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MAMMOTH ENERGY SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001679268-25-000015

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