MAMMOTH ENERGY SERVICES, INC. (TUSK): M&A transaction — Mammoth Energy sells Aquawolf engineering unit to Qualus for $30M; net cash $23.5M

MAMMOTH ENERGY SERVICES, INC.

Sale price $30.0M; closing cash proceeds $23.5M, $2.5M escrow for post-closing adjustments and indemnities.
Aquawolf 2024 revenue $17.3M (up from $12.1M in 2022), net income $1.8M (up from $1.1M).
CFO states monetization reinforces belief that underlying value is disconnected from current share price.
Fifth Third Bank consented to transaction and released collateral; borrowing base unchanged.
Pro forma financials reflect discontinued ops for engineering, T&D, and pressure pumping transactions.

item 1.01 item 2.01 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 Qualus, LLC for $30.0 million (closed 2025-12-02).

Action: disposition
Counterparty: Qualus, LLC
Consideration: $30.0 million
Closing: 2025-12-02

Exact text from the filing

Pursuant to the Agreement, MEP sold all equity interests in Aquawolf, which was included in the Company’s Infrastructure segment, to Qualus for $30.0 million (the “Transaction”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MAMMOTH ENERGY SERVICES, INC. entered into Agreement with Qualus, LLC valued at $30.0 million (effective 2025-12-02).

Action: entry
Agreement: asset purchase
Counterparty: Qualus, LLC
Value: $30.0 million
Effective: 2025-12-02

Exact text from the filing

On December 2, 2025, Mammoth Energy Partners LLC ("MEP"), a subsidiary of Mammoth Energy Services, Inc. (“Mammoth” or the “Company”), entered into an Equity Purchase Agreement (the “Agreement”), as the seller, with Qualus, LLC (“Qualus”), as the buyer, and Aquawolf LLC ("Aquawolf"), MEP's wholly-owned subsidiary and the subject of the sale, as a party to the Agreement.

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

MAMMOTH ENERGY SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001679268-25-000046

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