U.S. Silica Holdings, Inc. Agrees to Acquisition by Apollo Funds

U.S. Silica Holdings, Inc., a diversified industrial minerals company, has announced its acquisition by funds managed by affiliates of Apollo in an all-cash transaction worth approximately $1.85 billion. This agreement will see U.S. Silica stockholders receive $15.50 per share in cash, representing a 18.7% premium to the company's closing share price on April 25, 2024.

The acquisition, subject to customary closing conditions, is expected to be completed in the third quarter of 2024. U.S. Silica will become a private company post-transaction but continue to operate under its current name and leadership.

Read the full press release here.