Katy-based U.S. Silica said last week its previously announced agreement to be acquired by funds managed by affiliates of investment firm Apollo Global Management was approved by the company’s stockholders. Closing of the all-cash transaction valued at $1.85 billion is expected by the end of 2024Q3.
U.S. Silica is a diversified industrial minerals company, logistics provider for the oil and gas industry, and leading producer of commercial silica used in the oil and gas industry. Wholly owned subsidiaries of the 124-year-old company include EP Minerals and SandBox Logistics.
Mining Technology said U.S. Silica will delist from NYSE, transition into a privately held entity, and retain its name, brand and leadership.