US EditionFlotek Buys Power Generation Assets from ProFrac for $105MM
- On April 28, 2025, Flotek acquired power generation assets and intellectual property from ProFrac GDM, a ProFrac subsidiary, in Houston.
- The acquisition represented a strategic effort by Flotek to grow its capabilities in real-time measurement and analytics by entering the mobile power generation market through a $105 million purchase and subsequent lease agreement.
- Flotek acquired advanced portable units for natural gas treatment and distribution, featuring live gas quality tracking and optimized dual-fuel management, applicable to various remote power generation markets.
- The six-year lease agreement includes fixed rates for five years and anticipates $14 million rental revenue in 2025, a 60% segment increase, rising to $27.4 million in 2026.
- This acquisition provides Flotek a scalable platform for new products and services in a fast-growing market and strengthens the partnership with ProFrac for future growth.
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35 Articles
Cherokee Phoenix
Flotek Acquires Innovative Mobile Power Generation Assets and Secures Multi-Year Lease Providing $160 Million Revenue Backlog and Immediate Earnings Accretion
HOUSTON, April 28, 2025 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek") (NYSE: FTK) and ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac") today jointly announced Flotek's acquisition of power generation assets and related intellectual property (the "Acquired Assets") from ProFrac GDM, LLC ("ProFrac…
Flotek acquires innovative mobile power generation assets and secures multi-year lease providing $160 million revenue backlog and immediate earnings accretion – Oil & Gas 360
Publisher’s Note: Flotek Industries will present at EnerCom Denver—The Energy Investment Conference on August 17-20, 2025. Register to attend. (Oil & Gas 360) – HOUSTON, April 28, 2025 /PRNewswireOpens in new window/ — Flotek Industries, Inc. (“Flotek”) (NYSE: FTK) and ProFrac Holding Corp. (NASDAQ: ACDC) (“ProFrac”) today jointly announced Flotek’s acquisition of power generation assets and related intellectual property (the “Acquired Assets”)
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