Hilltop Holdings to sell its interest in Moser Energy Systems to Atlas Energy

Hilltop Holdings’ (HTH) merchant bank subsidiary Hilltop Opportunity Partners portfolio company Moser Holdings entered into a definitive agreement to sell all of the capital stock of Moser Acquisition, a wholly owned subsidiary of Moser Holdings, to Atlas Energy (AESI). Hilltop Opportunity Partners has an approximate 30% aggregate interest in Moser Holdings. The aggregate transaction value is approximately $220M. The transaction consideration includes $180M of cash and approximately 1.7 million common shares of Atlas common stock, which currently is valued at approximately $41M based on the price as the close of trading on January 24. The final consideration mix will be determined at closing. The boards of both Atlas Energy Solutions and Moser Holdings, LLC have approved the transaction. The closing of the transaction, which is expected to occur in Q1 2025, is subject to customary closing conditions.