By Chris Wack
Atlas Energy Solutions said it was buying all of the outstanding capital stock of Moser Acquisition, a provider of distributed power solutions, in a transaction valued at $220 million.
The transaction consideration includes $180 million of cash and 1.7 million shares of Atlas Energy stock.
Atlas can elect to pay the transaction consideration in cash in lieu of stock, and the final consideration mix will be determined at closing. Atlas expects the acquisition to be immediately accretive.
The transaction is expected to close before the end of the first quarter of 2025.
For the fourth quarter, Atlas said it expected revenue of $270 million to $272 million, up from $141.1 million a year earlier.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 27, 2025 06:29 ET (11:29 GMT)
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