OmniTRAX Inc. has agreed to acquire all assets of Terracor Group, a frac sand logistics company, including three transload facilities with vertical silo storage in Texas and Montana. Included in the transaction is a high-quality frac sand mining opportunity located in Wisconsin.
“We know the frac sand industry very well, so this acquisition is a terrific opportunity for us to expand the operations of OLS and increase the touchpoints we have with customers. There is also great potential to expand beyond sand into other commodities,” said Kevin Shuba, CEO of OmniTRAX.
The new facilities serve energy customers in the Bakken, Eagle Ford and Permian basins and dramatically broaden the OLS reach in the frac sand supply chain. The acquisition allows the company to be a vertically integrated transportation solution by managing the movement of sand and other commodities from the source through the point of distribution.
Terracor Group is part of Sanjel Corp., a Canadian company that filed for Chapter 15 bankruptcy protection in the United States earlier this year. OmniTRAX’s core capabilities range from providing management services to railroad and port services and to intermodal and industrial switching operations. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX.