Deal Description: Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced that it has entered into a definitive agreement with Hi Crush Inc. ("Hi-Crush") pursuant to which Atlas will acquire substantially all of Hi-Crush’s Permian Basin proppant production assets and North American logistics operations in a transaction valued at approximately $450 million.

Transaction consideration includes approximately $150 million in up-front cash, $175 million in common shares of AESI and $125 million in deferred cash payments in the form of a Seller’s Note.

Baker Botts acted as legal advisor to Hi-Crush. More details on the transaction can be found here.

Baker Botts Lawyers/Offices Involved:

Corporate: James Marshall (Partner, Houston), Carina Antweil (Partner, Houston), Grace Matthews (Senior Associate, Austin), Michael Mazidi (Associate, Houston), Charlie Gili (Associate, New York)

Finance: Clint Culpepper (Partner, Austin), Dela Peimani (Senior Associate, Austin), Madeline McCune (Associate, Houston)

Income Tax: Jon Lobb (Partner, Houston), Jordan Hahn (Senior Associate, Dallas)

Executive Compensation: Jason Loden (Partner, Dallas), Katie Birnhak (Associate, New York)

Intellectual Property: Liz Flannery (Partner, Houston)

Real Estate: Chris Wilson (Partner, Houston)

Labor & Employment: Scott Nelson (Partner, Houston)

Antitrust: Jeff Oliver (Partner, Washington)

Environmental: Elizabeth Singleton (Special Counsel, Houston)

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