Solaris Oilfield Infrastructure Inc., a Houston-based well equipment provider, has received overwhelming shareholder support for its $200 million acquisition of Mobile Energy Rentals LLC (MER). Scheduled to close in a few weeks, the acquisition will see Solaris rebranded as Solaris Energy Infrastructure, marking its entry into the distributed power infrastructure solutions market. The transaction, originally announced in July, will involve the issuance of nearly 16.5 million common units (27% of Solaris’s outstanding shares) to MER’s founders and management. The approval saw an almost unanimous 99.9% backing from Solaris shareholders. The deal positions Solaris to leverage MER’s 153 megawatts of electricity generation capability, expanding to 478 MW by Q3 2025. The merger aims to capitalize on new market opportunities including oil and gas production and computing power needs. To finance the acquisition, Solaris secured a $300 million one-year senior secured bridge loan facility from Banco Santander, Texas Capital Securities, and Woodforest National Bank.
Energy Infrastructure, Oil & Gas, Industrial Equipment,United States
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