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Solaris Oilfield Infrastructure, Inc. to acquire Mobile Energy Rentals LLC; Renaming to Solaris Energy Infrastructure

Jul 09, 2024•over 1 year ago

Acquiring Company

Solaris Oilfield Infrastructure

Acquired Company

Mobile Energy Rentals (MER)

HoustonHoustonOil And GasEnergyRenewable EnergyOil And GasEnergy

Description

Solaris Oilfield Infrastructure, Inc. has entered into a definitive agreement to acquire Mobile Energy Rentals LLC for a purchase price of $200 million. This strategic acquisition will expand Solaris' mobile infrastructure solutions offering and provide access to new end-market opportunities, including oil and gas production, midstream and downstream activities, and various commercial & industrial applications.

Company Information

Company

Solaris Oilfield Infrastructure

Location

Houston, Texas, United States

About

Solaris Oilfield Infrastructure, Inc. is a leading provider of mobile infrastructure solutions serving the energy, data center, and commercial & industrial end-markets. It offers reliable and cost-effective power solutions, including all-electric and natural-gas powered mobile turbines, and ancillary equipment.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed