Brief: Mammoth Energy enters into agreements for multiple acquisitions

Mammoth Resources

21/03/2017 11:00

March 21 (Reuters) - Mammoth Energy Services Inc: 
    * Mammoth enters into agreements for multiple 
acquisitions integrated model to expand through the acquisition 
of Taylor Frac and two oil field service businesses in all-stock 
transactions 
    * Mammoth Energy Services Inc - plans on expanding taylor 
facility to 1.75 million tons per year by year-end 2017 at an 
estimated cost of $23 million. 
    * Mammoth Energy Services Inc - deal for  total 
consideration of $133.8 million 
    * Mammoth Energy Services Inc - deal immediately accretive 
with minimal integration costs 
    * Mammoth Energy Services Inc - will issue an aggregate of 
7.0 million shares of common stock based on pro-rata ownership 
of acquired businesses 
    * Mammoth Energy Services Inc - including expansion to 1.75 
mtpa, estimate businesses under deal will generate EBITDA of 
about $15.0 million in 2017 & $40.6 million in 2018 
 
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