Covia Energy LLC merges with Black Mountain Sand Holdings LLC to create Iron Oak Energy Solutions LLC
Type: Acquisition · Technology: Mining, Industrial, Other · Country: United States · Capacity: 30 MW · Announced: 2024-11-04
Covia Energy and Black Mountain Sand closed an all-stock merger to form Iron Oak Energy Solutions, a diversified North American proppant (frac sand) supplier with ~30 million tons annual production capacity, headquartered in Houston, Texas.
Counterparties
- Anchorage Capital Advisors L.P (Investor)
- Golden Gate Capital (Investor)
- NGP (NGP Energy Capital Management) (Investor)
- Black Mountain Sand Holdings LLC (Seller)
- Covia Energy LLC (Buyer)
- Iron Oak Energy Solutions LLC (Partner)
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