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Stock impact report

ProFrac to buy U.S. Well Services, expanding frac solutions fleet [Seeking Alpha]

ProFrac Holding Corp. - Class A (PFHC) 
Company Research Source: Seeking Alpha
ProFrac to buy U.S. Well Services, expanding frac solutions fleetJun. 21, 2022 7:17 PM ETU.S. Well Services, Inc. (USWS)PFHCBy:Carl SurranSA News Editor1 Commentgrandriver/E+ via Getty ImagesU.S. Well Services (NASDAQ:+33.6%agreed to acquireProFrac () said the combined company would be the largest provider of electric frac services, with 12 electric fleets, and expand its total active fleet to 44 by year-end 2022.The company expects the deal would result in $35M of annual cost synergies and eliminate its expected license fees to U.S. Well (Earlier on Tuesday, ProFrac (purchase of two Permian Basin subsidiaries from Signal Peak Silica for ~$90M Show less Read more
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