M&A Deal Summary

CIG Logistics Acquires U.S. Silica Holdings - Transload Assets

On March 19, 2018, CIG Logistics acquired metals/mining company U.S. Silica Holdings - Transload Assets from U.S. Silica for 75M USD

Acquisition Highlights
  • This is CIG Logistics’ 1st transaction in the Metals/Mining sector.
  • This is CIG Logistics’ largest (disclosed) transaction.
  • This is CIG Logistics’ 2nd transaction in the United States.
  • This is CIG Logistics’ 1st transaction in Maryland.

M&A Deal Summary
Date 2018-03-19
Target U.S. Silica Holdings - Transload Assets
Sector Metals/Mining
Buyer(s) CIG Logistics
Sellers(s) U.S. Silica
Deal Type Divestiture
Deal Value 75M USD

Target

U.S. Silica Holdings - Transload Assets

Frederick, Maryland, United States
U.S. Silica Holdings, Inc. - Transload Assets located in the Permian, Eagle Ford and Appalachian Basins. The three facilities are located near Odessa, Texas, San Antonio, Texas and Benwood, W. Va., and comprise approximately 70 thousand tons of storage capacity.

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Buyer(S) 1

Buyer

CIG Logistics

Fort Worth, Texas, United States

website

Category Company
Sector Transportation
DESCRIPTION

CIG Logistics is an independent, growth-oriented provider of end-to-end proppant logistics solutions to leading oil and natural gas exploration and production companies, oilfield services providers and proppant producers.

DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 2 of 2
State (Maryland) 1 of 1
Country (United States) 2 of 2
Year (2018) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-16 Propell Oilfield Equipment - SANDSTORM Product Suite

Texas, United States

Propell Oilfield Equipment - SANDSTORM Product Suite is an innovative last mile frac sand logistics and well site storage solution that increases well-site efficiency, automation, capacity, safety and quality, while reducing transportation costs and environmental impact through its patented, gravity fed solution.

Buy -

Seller(S) 1

SELLER

U.S. Silica

Katy, Texas, United States

website

Category Company
Founded 2008
Sector Metals/Mining
Employees1,613
Revenue 1.5B USD (2022)
DESCRIPTION

U.S. Silica is a producer of commercial silica sand provider with a focus on performance materials that are essential to modern living. U.S. Silica was founded in 2008 and is based in Katy, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 Mississippi Sand

Kirkwood, Missouri, United States

Mississippi Sand LLC is a low-cost frac sand mining and logistics company. The company currently has 5 long-term contracts in place with both Oil Field Service and Exploration and Production companies covering over 80% of their stated capacity.

Buy $95M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-23 EP Minerals

Reno, Nevada, United States

EP Minerals LLC is a global producer of engineered materials derived from industrial minerals including diatomaceous earth (DE), clay (calcium bentonite) and perlite. The company is the number one or number two player in each of its global markets. EP Minerals' unique industrial minerals are used as filter aids, absorbents and functional additives for a variety of industries including food and beverage, biofuels, recreational water, oil and gas, farm and home, landscape, sports turf, paint, plastics, and insecticides. The company's facilities are located in Nevada, Oregon, Nebraska, Tennessee, Alabama and Mississippi.

Buy $750M
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