ProFrac Holdings Inc., on an acquisition tear since early this year, has snapped up more equipment to create the second largest U.S. fracturing company by total horsepower and the largest electric fleet operator.

profrac ops map

The stock-for-stock trade with electric hydraulic fracture (frack) company U.S. Well Services Inc. (USWS) is set to be completed by year’s end. No financial details were disclosed, but two analysts estimated the transaction was worth $225-230 million. 

USWS would be folded into the ProFrac portfolio, which is privately held by brothers Dan and Farris Wilks. 

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Once the deal is completed, ProFrac would have 44 active fracking...