M&A
confidence high
sentiment positive
materiality 0.50
ProPetro acquires Aqua Prop for $35.6M cash to expand wet sand services in Permian
ProPetro Holding Corp.
- All-cash acquisition of Aqua Prop LLC valued at $35.6M net of working capital.
- Aqua Prop provides cost-effective wet sand solutions in the Permian Basin.
- Deal includes future earnout incentives and growth capex considerations.
- ProPetro will own onsite sand storage and handling; gains preferred wet sand supply access.
- Acquisition complements ProPetro's integrated completions services strategy.