AcquisitionsJul 6, 2026, 04:37 PM
Solaris Energy Infrastructure Acquires GESA for $55M Cash, 2.88M Shares
AI Summary
Solaris Energy Infrastructure, Inc. announced the completion of its acquisition of Global Energy Services Alliance, Inc. (GESA) on July 1, 2026. The consideration for the acquisition included approximately $55 million in cash, along with the issuance of 2,880,682 shares of Solaris's Class A Common Stock. This strategic move is expected to strengthen Solaris's end-to-end power capabilities, expand its technical talent, introduce new growth markets, and be accretive to earnings and free cash flow per share.
Key Highlights
- Solaris Energy Infrastructure acquired Global Energy Services Alliance, Inc. (GESA) on July 1, 2026.
- The acquisition consideration included approximately $55 million in cash, debt assumption, and repayment.
- Solaris issued 2,880,682 shares of its Class A Common Stock as part of the consideration.
- GESA, a full cycle power generation service provider, will operate as an indirect, wholly-owned subsidiary.
- The acquisition is expected to be accretive to earnings and free cash flow per share.
- GESA was formed by the combination of Baseload Power and Pro-Per Energy Services.
Price Impact
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