U.S. Well Services To Be Acquired by ProFrac Holding Corp.
San Francisco and Los Angeles – Paul Hastings LLP, a leading global law firm, announced today that the firm advised the Special Committee of U.S. Well Services’ Board of Directors on the agreement for ProFrac Holding Corp. to acquire U.S. Well Services (USWS), a leading provider of electric pressure pumping services and a market leader in electric pressure pumping.
Under the terms of the merger agreement, USWS stockholders will receive 0.0561 shares of ProFrac Class A common stock for each share of USWS Class A common stock they own. The transaction is expected to close in the fourth quarter of 2022, subject to customary closing conditions.
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