Emerge Energy Services LP, a master limited partnership sponsored by Insight Equity, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common units. The number of common units to be offered and the price range for the proposed offering have not yet been determined. Emerge Energy's common units are expected to be traded on the New York Stock Exchange under the ticker EMES.
Emerge Energy Services LP is a limited partnership recently formed by management and affiliates of Insight Equity to own, operate, acquire and develop a diversified portfolio of energy service assets. Emerge Energy's operations are organized into two service oriented business segments: Sand, which primarily consists of mining and processing frac sand, a key component used in hydraulic fracturing of oil and natural gas wells; and Fuel Processing and Distribution, which primarily consists of acquiring, processing and separating the transportation mixture, or transmix, that results when multiple types of refined petroleum products are transported sequentially through a pipeline.
Citigroup, Wells Fargo Securities and J.P. Morgan are acting as joint book-running managers for the proposed offering. The offering will be made only by means of a prospectus. Once it becomes available, potential investors can obtain a preliminary prospectus related to this offering from:
Citigroup c/o Broadridge Financial Solutions 1155 Long Island Ave. Edgewood, NY 11717 Telephone: +1-800-831-9146 E-mail: [email protected]
Wells Fargo Securities Attn: Equity Syndicate Dept. 375 Park Avenue New York, New York 10152 Telephone: +1-800-326-5897 E-mail: [email protected]
J.P. Morgan Attn: Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717 Telephone: 866-803-9204
When available, to obtain a copy of the preliminary prospectus free of charge, visit the SEC's website and search under "Emerge Energy Services LP".
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities law in any such state.