Merger • Metals/Mining

Iron Oak Energy Acquires Covia Energy

On November 4, 2024, Iron Oak Energy acquired metals/mining company Covia Energy

Acquisition Context
  • This is Iron Oak Energy’s 2nd transaction in the Metals/Mining sector.
  • This is Iron Oak Energy’s 2nd transaction in the United States.
  • This is Iron Oak Energy’s 1st transaction in Ohio.

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M&A Deal Summary

Date November 4, 2024
Target Covia Energy
Sector Metals/Mining
Buyer(s) Iron Oak Energy
Deal Type Merger
Advisor(s) TPH & Co. (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target Company

Covia Energy

Independence, Ohio, United States
Covia Energy is a provider of high-quality proppant and logistical solutions, offering in-depth industry expertise, highly reliable operations, and an extensive delivery network to diversified oil and gas markets across North America. The company supplies premium Northern White Sand from strategically located mines delivering products to all major North American shale basins through an expansive rail and terminal network. Covia Energy is based in Independence, Ohio.
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Buyer Overview 1

Buyer

Iron Oak Energy

The Woodlands, Texas, United States

Category Company
Sector Metals/Mining
DESCRIPTION

Iron Oak Energy is a diversified proppant provider in North America with nine active production facilities and the capability to supply every major shale basin across North America. The Company provides in-basin sand to operators from strategically positioned facilities in the Permian Basin and Eagle Ford Shale and supplies premium northern white sand to operators primarily in the Marcellus, Utica, Bakken, and DJ Basins. Iron Oak Energy is based in The Woodlands, Texas.


Deal Context for Buyer #
Overall 2 of 4
Sector: Metals/Mining 2 of 4
Type: Merger 2 of 2
State: Ohio 1 of 1
Country: United States 2 of 4
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Black Mountain Sand

Fort Worth, Texas, United States

Black Mountain Sand delivers superior in-basin frac sand solutions to companies in the Exploration & Production (E&P) industry. Black Mountain Sand is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-02 High Roller Sand

Kermit, Texas, United States

High Roller Sand is a hydraulic fracturing sand facility that uses advanced technology for hydraulic fracturing sand production, delivery, and service significantly increases efficiency in our production processes. High Roller Sand is based in Kermit, Texas.

Buy -