Flotek acquires innovative mobile power generation assets and secures multi-year lease providing $160 million revenue backlog and immediate earnings accretion

Houston , april 28, 2025 /prnewswire/ -- flotek industries, inc. ("flotek") (nyse: ftk) and profrac holding corp. (nasdaq: acdc) ("profrac") today jointly announced flotek's acquisition of power generation assets and related intellectual property (the "acquired assets") from profrac gdm, llc ("profrac gdm"), a subsidiary of profrac, for $105 million. flotek concurrently entered into an agreement for a six-year dry lease of the acquired assets with profrac gdm (the "lease agreement").
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