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U.S. Well Services Finalizes $21 Million Sale of Convertible Preferred Stock

Deals & Cases
April 1, 2020

Vinson & Elkins advised affiliates of Crestview Advisors, L.L.C. as the lead investor in a private placement of newly issued Series B Redeemable Convertible Preferred Stock of U.S. Well Services, Inc., a leading provider of hydraulic fracturing services and a market leader in electric fracture stimulation, for an aggregate purchase price of $21 million in cash.

The V&E team was led by partner James Garrett and senior associate Crosby Scofield, with primary assistance from partners Ramey Layne and Lina Dimachkieh.

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