Solaris Oilfield Expands with Mobile Energy Acquisition and Funding

Solaris Oilfield Infrastructure (SOI) has shared an announcement.

Solaris Oilfield Infrastructure, Inc. has inked a deal with its subsidiary, Solaris LLC, and various contributors to acquire all equity interests of Mobile Energy Rentals LLC. This $200 million transaction combines cash and equity, with the equity being based on Solaris’ average stock price. The deal is set to finalize by the end of the third quarter of 2024, contingent on regulatory approvals and shareholder consent. Additionally, Solaris has lined up $300 million in financing to support the acquisition, while also exploring alternative funding options.

Find detailed analytics on SOI stock on TipRanks’ Stock Analysis page.