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U.S. Well Services To Be Acquired by ProFrac Holding Corp.

June 22, 2022

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.

M&A Partner Steve Camahort led the Paul Hastings team, which included partners Jonathan Ko Lucas Rachuba, and Justin Rawlins; and associate Maggie Chou.

About Paul Hastings

Dedicated to providing intellectual capital and superior execution to the world’s leading Wall Street and global investment banks, asset managers and corporations, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity and litigation. It is one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets, and real estate finance.

Paul Hastings is ranked as one of the top firms in the world in The American Lawyer’s “Premier League” for momentum, profit and prestige amongst firms in the 2022 American Lawyer 100.

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