ProPetro Holding Corp. (NYSE:PUMP) acquired Assets and Business operations of Par Five Energy Services LLC for $25.4 million on December 1, 2023. The total consideration includes a cash payment of $22.215 million and deferred cash payment of $3.18 million. PPHB acted as financial advisor to ProPetro. Mike Marek, Raleigh J. Wolfe, Michael Telle, E. Scot Dixon, Lina G. Dimachkieh, David C. D'Alessandro, Katherine Mull, Matthew Dobbins, and Alex Bluebond of Vinson & Elkins LLP acted as legal counsel to ProPetro. Murphy Mahon Keffler & Farrier, LLP acted as legal advisor to Par Five.

ProPetro Holding Corp. (NYSE:PUMP) completed the acquisition of Assets and Business operations of Par Five Energy Services LLC on December 1, 2023.