Kirkland Advises ProFrac’s Special Committee on Purchase of U.S. Well Services

Kirkland & Ellis counseled the Special Committee of ProFrac Holding Corp.’s Board of Directors on ProFrac’s agreement to acquire U.S. Well Services, Inc. (NASDAQ: USWS) (USWS) in a stock-for-stock transaction with an exchange ratio of 0.0561 shares of ProFrac Class A common stock for each share of USWS Class A common stock. The acquisition is expected to be completed in the fourth quarter of 2022, subject to the satisfaction of customary closing conditions, including the approval of USWS stockholders. The combination creates a market leader in NextGen frac solutions and a combined company with an expected 44 active fleets by the end of 2022.

Read U.S. Well Services’ press release

The Kirkland team was led by corporate partners Doug Bacon, Debbie Yee and Emily Lichtenheld, debt finance partner Andy Veit, tax partners Mark Dundon and Bill Dong, and executive compensation partners Stephen Jacobson and Jared Whalen.