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Stock impact report

Mammoth Expands Logistics / Transmission Offering via ARS/Brim Helicopter Acquisition

Mammoth Energy Services, Inc. (TUSK) 
Last mammoth energy services, inc. earnings: 2/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.mammothenergy.com
Company Research Source: GlobeNewswire
OKLAHOMA CITY, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (“Mammoth”) (NASDAQ: TUSK) announced a series of transactions that provide for an expansion of its aviation services business.  These transactions provide immediate vertical integration for its Cobra subsidiary via aerial powerline services while providing a platform to pursue additional aviation service opportunities.  These transactions include the acquisition of 100% of Air Rescue Services (“ARS”) as well as the formation of a joint venture between Mammoth and Wexford Capital (“Wexford”) which purchased Brim Equipment Leasing (“Brim”).  Total consideration paid by Mammoth was $7.9 million.  Both transactions were closed on December 21, 2018. Arty Straehla Mammoth’s CEO stated, “The acquisitions of ARS and Brim are yet another example of the further integration of our operation while providing another strategic platform for growth.  We’ve been working with the team at ARS/Brim for the past year in Puer Show less Read more
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