Deal Snapshot
Liberty Oilfield Services Acquires Last-Mile Proppant Delivery Solutions Provider PropX
Wednesday 27 October 2021

Denver, US-based Liberty Oilfield Services Inc. (NYSE: LBRT) has acquired PropX for an aggregate purchase price of approximately USD 90m, the company said.

This consists of USD 13.5m in cash and the equivalent of 5.8m shares of Liberty's common stock valued at USD 76.5m based on a 30-day average closing share price of USD 13.08 on October 25, 2021. Founded in 2016, PropX is a provider of last-mile proppant delivery solutions including proppant handling equipment and logistics software across North America.

Date Published: 27/10/2021