Performance Proppants | Stephens

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Financial Advisor

Performance Proppants

$475 Million 02/27/2023 Energy & Clean Energy Transition Complete
Private Companies
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Transaction Details

  • On February 27, 2023, ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac") announced that its subsidiary, ProFrac Holdings II, LLC, acquired Performance Holdings I, LLC and Performance Holdings II, LLC (collectively, "Performance Proppants") for approximately $475 million, consisting of $469 million in cash and the remainder in shares of ProFrac Class A common stock
  • ProFrac expects the transaction to be immediately accretive to earnings and free cash flow
  • Performance Proppants is the largest in-basin proppant producer serving the Haynesville with a nameplate capacity of approximately 10.4 million tons per year
  • The acquisition of Performance Proppants further demonstrates ProFrac’s commitment to enhancing its capabilities and cost structure through its vertical integration strategy
  • By sourcing proppant internally from logistically-advantaged mines, ProFrac expects to be in position to efficiently serve its customers and minimize its input costs

About the company

Performance Proppants

Formed in 2016 and headquartered in Bossier City, LA, Performance Proppants is the Haynesville’s largest and most reliable frac sand provider. The Company controls and operates 4 frac sand mines in the core of the basin, and is uniquely positioned to serve top producers throughout Louisiana and Texas. For more information, see

ProFrac Holding Corp.

ProFrac Holding Corp. is a growth-oriented, vertically integrated and innovation-driven energy services company providing hydraulic fracturing, completion services and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production ("E&P") of North American unconventional oil and natural gas resources. Founded in 2016, the Company was built to be the go-to service provider for E&P companies' most demanding hydraulic fracturing needs. ProFrac is focused on employing new technologies to significantly reduce "greenhouse gas" emissions and increase efficiency in what has historically been an emissions-intensive component of the unconventional E&P development process. For more information, please visit the Company's website,

Source: Press Release, Company Information.
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