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Stock impact report

ProPetro (PUMP) Declares $35.6M Acquisition of Aqua Prop [Yahoo! Finance]

ProPetro Holding Corp. (PUMP) 
Last propetro holding corp. earnings: 3/31 04:54 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.propetroservices.com
Company Research Source: Yahoo! Finance
This all-cash acquisition, valued at $35.6 million net of working capital, signifies a substantial step in PUMP's ongoing commitment to delivering more integrated and industrial solutions while enhancing value for stakeholders. Strategic Alignment and Integration ProPetro's Vision for Integration: The acquisition of Aqua Prop LLC is in perfect sync with PUMP's strategic vision of innovation and integration within its disciplined operating model. Sam Sledge, CEO of ProPetro, emphasized the seamless alignment of this acquisition with the company's long-term goals. By incorporating Aqua Prop's innovative wet sand solutions, PUMP aims to enhance its operational efficiency and capital allocation strategies, which would bring more value to its customers and stakeholders. Enhanced Operational Capabilities: PUMP will now own and provide onsite sand storage and handling, leveraging strategic agreements for logistics and preferred access to wet sand supply. This enhanced capability should Show less Read more
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