Atlas energy solutions inc. to acquire hi-crush inc., creating the largest proppant producer in the country and an industry leading logistics provider

Austin, texas--(business wire)--atlas energy solutions inc. (nyse: aesi) (“atlas” or the “company”) today announced that it has entered into a definitive agreement with hi crush inc. ("hi-crush") to acquire all of hi-crush's permian basin proppant production assets and north american logistics operations in a transaction valued at $450 million (1). the transaction consideration includes $150 million in up-front cash, $175 million in shares of common stock of aesi and $125 million in deferred ca.
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