Baker Botts L.L.P. advised Lazard, financial advisor to the Special Committee of the Board of Directors of Flotek Industries, Inc. (NYSE: FTK), in connection with Flotek’s $105 million acquisition of mobile natural gas power generation assets and related intellectual property from ProFrac GDM, LLC, a subsidiary of ProFrac Holding Corp. (NASDAQ: ACDC).

As part of the transaction, Flotek also entered into a six-year dry lease agreement with ProFrac GDM, enabling immediate deployment of 22 digitally enhanced power units, with eight more expected in late 2025.

The deal was reviewed and approved by a Special Committee of Flotek’s Board composed entirely of independent directors.

Baker Botts team includes: Josh Davidson (Senior Counsel, Houston); Catherine B. Ellis (Senior Associate; Houston)

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