News Releases

Baker Botts Advises Hi-Crush Inc. in Acquisition by Atlas Energy Solutions Inc.


Deal Description: Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced that it has entered into a definitive agreement with Hi Crush Inc. ("Hi-Crush") pursuant to which Atlas will acquire substantially all of Hi-Crush’s Permian Basin proppant production assets and North American logistics operations in a transaction valued at approximately $450 million.

Transaction consideration includes approximately $150 million in up-front cash, $175 million in common shares of AESI and $125 million in deferred cash payments in the form of a Seller’s Note.

Baker Botts acted as legal advisor to Hi-Crush. More details on the transaction can be found here.

Baker Botts Lawyers/Offices Involved:

Corporate: James Marshall (Partner, Houston), Carina Antweil (Partner, Houston), Grace Matthews (Senior Associate, Austin), Michael Mazidi (Associate, Houston), Charlie Gili (Associate, New York)

Finance: Clint Culpepper (Partner, Austin), Dela Peimani (Senior Associate, Austin), Madeline McCune (Associate, Houston)

Income Tax: Jon Lobb (Partner, Houston), Jordan Hahn (Senior Associate, Dallas)

Executive Compensation: Jason Loden (Partner, Dallas), Katie Birnhak (Associate, New York)

Intellectual Property: Liz Flannery (Partner, Houston)

Real Estate: Chris Wilson (Partner, Houston)

Labor & Employment: Scott Nelson (Partner, Houston)

Antitrust: Jeff Oliver (Partner, Washington)

Environmental: Elizabeth Singleton (Special Counsel, Houston)

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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