Deal Snapshot
MATLIN/PARTNERS ACQUISITION, US WELL SERVICES MERGE TO CREATE PUBLIC COMPANY
Thursday 19 July 2018

Connecticut, US-based special purpose acquisition company Matlin and Partners Acquisition Corp. (NASDAQ: MPAC) (NASDAQ:, MPACU) (NASDAQ: MPACW) has entered into a merger and contribution agreement with Texas, US-based oilfield service company US Well Services, LLC (USWS) to become a publicly listed company with an anticipated initial total enterprise value of approximately USD 588m, the company said.
Funds managed by Crestview Partners are leading a USD 135m committed PIPE investment in the combined company for USD 10.00 per share to provide incremental equity capital to accelerate the rollout of USWS' electric Clean Fleet technology.


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Details
Date Published: 19/07/2018
Target: US Well Services, LLC
Country: USA
Deal Size: 588m (USD)
Sector: Petroleum/Natural Gas/Coal
Type: Merger
Financing: Stock
Status: Agreed
Vendor:
Buyer: Matlin and Partners Acquisition
Buyer Advisor: Cantor Fitzgerald and Co , Bracewell LLP
Comment:


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