FOR IMMEDIATE RELEASE – October 28, 2019
October 28, 2019 – Southlake Equity Group and Enerstream Capital Partners today announced the acquisition of Preferred Sands’ tier one sand mining operations in Sanders, Arizona. The sale closed on October 25.
The former Preferred Sands Arizona operation now operates as an independent, stand-alone operation under the name Silica Services, LLC. The company offers a complete range of proppant products safely, reliably, and cost-effectively to customers in key western US energy basins. With 1 million tons per year of Tier One proppant supply and the nearest BNSF Unit Train origin to the Rockies, Silica Services is ideally structured and located to deliver the lowest total cost proppant to customers through the western United States.
In announcing the deal, Tom Keene, Managing Partner at Southlake Equity Group, said: “We are pleased to partner with Enerstream Capital Partners and look forward to working with the entire team at the Sanders operation to deliver proppants to customers throughout the western United States.” Greg Gray, Managing Director at Enerstream Capital Partners added, “We look forward to working with Southlake Equity Group and Silica Services management, as Silica Services begins a new chapter in Sanders, Arizona. The company has a first-class asset base, unique location on the BNSF and many customers who likely will benefit from our shared vision and growth potential. We are also excited about the opportunity to grow the business and support the community in and around Sanders.”
Industry veteran Joe Jackson will lead the team as CEO at Silica Services, LLC. More information about the company can be found at www.silicaservicesinc.com
About Southlake Equity Group
Southlake Equity Group is a private investment firm that makes equity and debt investments in American middle market companies in manufacturing, distribution and service industries. The firm backs its belief in the ingenuity, innovation and productivity of the American entrepreneur, business manager and worker with patient, non-institutional capital that helps companies grow and become industry leaders.
About Enerstream Capital Partners
Enerstream Capital Partners is a Dallas-based private investment firm that focuses on equity and debt investments in small and middle-market upstream energy services and midstream infrastructure companies. The firm partners with management teams to develop sound strategies and to create industry-leading businesses over the long-term.