Matlin & Partners Acquisition Corporation and U.S. Well Services Enter Business Combination
Vinson & Elkins advised Crestview Partners in connection with Matlin & Partners Acquisition Corporation’s (MPAC) proposed business combination with U.S. Well Services, LLC (USWS), whereby USWS will combine with MPAC to become a publicly listed company with an anticipated initial total enterprise value of approximately $588 million. Funds managed by Crestview are the lead investors on a $135 million committed PIPE investment in the combined company.
MPAC is a publicly traded special purpose acquisition company, and USWS is a high-quality provider of hydraulic fracturing services and market leader in electric-powered fracturing services and market leader in electric-powered fracturing.
The V&E corporate team was led by partners James Garrett and Ramey Layne with primary assistance from partners Lina Dimachkieh, Steve Borgman, Larry Nettles, Stephen Jacobson and Sean Becker, senior associate Crosby Scofield and associate Jane Ehinmoro.
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