ProPetro Acquires Aqua Prop, an Innovative Wet Sand Solutions Provider
ProPetro Holding Corp. (PUMP)
Last propetro holding corp. earnings: 3/31 04:54 pm
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US:NASDAQ Investor Relations:
ir.propetroservices.com
Company Research
Source: Business Wire
MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE: PUMP) today announced the acquisition of Aqua Prop LLC ("Aqua Prop"), an innovative provider of cost-effective wet sand solutions. The all cash acquisition, initially valued at $35.6 million, net of working capital, advances ProPetro's commitment to delivering more integrated and industrial solutions while adding value for all stakeholders.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240603121051/en/(Graphic: Business Wire)Sam Sledge, CEO of ProPetro, stated, "The acquisition of Aqua Prop aligns seamlessly with our strategy of pursuing more innovation and integration for our disciplined operating model and high-grading our capital allocations. This acquisition, while highly complementary to our core business, is also aimed squarely at industrializing our operations with the ultimate goal of bringing more value to our customers
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PUMP
Earnings
- 5/1/24 - Beat
PUMP
Sec Filings
- 6/13/24 - Form 4
- 6/12/24 - Form 144
- 6/7/24 - Form SC
- PUMP's page on the SEC website