Emerge Energy IPO Info
Company Name: Emerge Energy
Stock Symbol: EMES
Exchange: NYSE
Status: Priced
IPO Date: 5/9/2013
IPO Price:
17.00 (
160.76%)
Underwriters
Citigroup, BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities
Amount of Offering: N/A
Number of Shares Offered: 7.5 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Emerge Energy is a growth-oriented limited partnership recently formed by management and affiliates of Insight Equity to own, operate, acquire and develop a diversified portfolio of energy service assets. Emerge Energy is organized into two service oriented business segments:
Sand, which primarily consists of mining and processing frac sand, a key component used in hydraulic fracturing of oil and natural gas wells; and
Fuel Processing and Distribution, which primarily consists of acquiring, processing and separating the transportation mixture, or transmix, that results when multiple types of refined petroleum products are transported sequentially through a pipeline.
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