Deal Details
Initial Public Offering
Summary
Baird served as a co-manager on this offering
About
Emerge Energy Services LP (“Emerge” or the “Partnership”) (NYSE: EMES) recently completed an initial public offering of 7,709,906 common units at a price of $17.00 per unit, generating gross proceeds of approximately $131.1 million. Emerge intends to use the net proceeds from the offering to repay debt and for general partnership purposes.Emerge is a growth-oriented limited partnership recently formed by management and affiliates of Insight Equity to own, operate, acquire and develop a diversified portfolio of energy service assets. The Partnership’s operations are organized into two service oriented business segments (1) Sand, which primarily consists of mining and processing frac sand, a key component used in hydraulic fracturing of oil and natural gas wells; and (2) Fuel Processing and Distribution, which primarily consists of acquiring, processing and separating the transportation mixture, or transmix, that results when multiple types of refined petroleum products are transported sequentially through a pipeline. Emerge is headquartered in Southlake, Texas.
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- Date
- May 2013
- Company
- Emerge Energy Services LP
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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