One-Page Deal Sheet
Smart Sand Acquires Proppant Assets from Eagle Materials Inc.
Smart Sand Inc Eagle Materials Inc
Announced Date
September 18,2020
Close Date
September 18,2020
Transaction Type
Asset
Location
Region
United States,Northeast - Appalachia
Country
United States
State
Illinois
Transaction Details: Subscribe to see
Smart Sand, Inc. has acquired the Oil and Gas Proppants Segment of Eagle Materials Inc. for $2.0 million (consisting of 1,503,759 shares of newly-issued Smart Sand common stock).
The Segment’s primary assets include frac sand mines and related processing facilities in Utica, Illinois and New Auburn, Wisconsin, with approximately 3.5 million tons of annual processing capacity, of which approximately 1.6 million tons has access to the BNSF rail line.
Liquidity Support AgreementEagle Materials Inc. has agreed to provide initial liquidity support for the Segment to Smart Sand pursuant to one or…
United States Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jun-14-2016 |
-  |
- |
Click here | Illinois | E&P |
| Nov-18-2014 |
- |
- |
Click here | Illinois | Midstream |
| Mar-06-2014 |
- |
- |
Click here | Illinois | E&P |
| Jul-24-2013 |
- |
- |
Click here | Illinois | Service |
| Mar-14-2013 |
- |
- |
Click here | Illinois | Midstream |
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Apr-08-2014 |
- |
- |
Click here | Wisconsin | Service |
| Aug-02-2013 |
- |
- |
Click here | Wisconsin | Midstream |
| Jul-24-2013 |
- |
- |
Click here | Wisconsin | Service |
| May-14-2013 |
- |
- |
Click here | Wisconsin | Service |
| Apr-12-2013 |
- |
- |
Click here | Wisconsin | Service |