Preferred Proppants Sells Bloomer Frac Sand Plant In Wisconsin To Frontier Sand

Published: Dec 04 2017
Deal Summary

Preferred Proppants, LLC, a manufacturer and provider of sand and innovative proppant technologies, sold its Bloomer frac sand plant and related facilities and equipment located in Wisconsin, the US, to Frontier Sand, LLC, a frac sand company. The company intends to fund the consideration for cash and future payments, subject to post-closing adjustments.

The transaction enables Frontier Sand to strengthen its service offerings. The sale marks Preferred Proppants’s exit from the Northern White sand market and enables the company to focus on the development of multiple in-basin frac sand plants.

Michael O’Neill, founder and CEO of Preferred Proppants, said, “This sale, along with our previously announced Blair, Wisconsin transaction, is part of our strategy that was put in place during the previous market downturn to be the regional and in-basin leader within the space. We are strong believers in the shift to regional and local sand as the primary source of supply to the major basins, and have now sold all of our assets that don’t support that strategy.”

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