U.S. Silica, Apollo, Finalize Deal

U.S. Silica Holdings Inc. and Apollo announced that funds managed by affiliates of Apollo have completed the previously announced acquisition of the company. The company will continue to operate under the U.S. Silica name and brand and will continue to be led by Bryan Shinn and the existing executive team. Shinn, chief executive officer of U.S. Silica, said, “The closing…

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U.S. Silica Shareholders Approve Acquisition by Apollo

U.S. Silica Holdings Inc., a diversified industrial minerals company and a leading last-mile logistics provider to the oil and gas industry, said that its previously announced agreement to be acquired by funds managed by affiliates of Apollo Global Management Inc., a high-growth, global alternative asset manager. Apollo was approved at a special meeting of the company’s stockholders on July 16.…

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U.S. Silica Reports First Quarter Results; Acquisition Details

U.S. Silica Holdings Inc. announced its first quarter results for the period ended March 31, 2024. As separately announced, U.S. Silica has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management Inc. in an all-cash transaction that values the company at an enterprise value of approximately $1.85 billion. Net income for the…

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U.S. Silica Reports 88% Year-Over-Year Net Income Increase

U.S. Silica Holdings Inc. announced its fourth quarter and full-year results for the period ended Dec. 31, 2023. The company is reporting full-year 2023 net income of $146.9 million, an 88% year-over-year increase. Full-year 2023 total company contribution margin of $549.7 million represented a 16% year-over-year increase. Net income for the fourth quarter ended Dec. 31, 2023, was $29.1 million, or $0.37…

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U.S. Silica Holdings Appoints Jay Moreau Executive Vice President

U.S. Silica Holdings Inc. has appointed Jay Moreau as its executive vice president and chief operating officer effective August 14, 2023. Moreau will succeed Mike Winkler in his role as COO, as Winkler notified the company earlier this year of his planned retirement. To ensure an orderly transition, Winkler will continue with the Company in a strategic advisory role through…

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U.S. Silica Boasts Strong First Quarter; ‘Effectively Sold Out’ of Proppant

U.S. Silica Holdings Inc. announced revenue of $442.2 million for the first quarter of 2023, an increase of 7% compared with $412.9 million in the fourth quarter of 2022; and an increase of 45% when compared with the first quarter of 2022. Net income of $44.6 million for the first quarter of 2023 represents an increase of 41% compared with…

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