Mammoth Energy Services, Inc. Acquires Air Rescue Services and Brim Leasing Equipment to Expand Aviation Services Business
January 01, 2019
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Mammoth Energy Services, Inc. acquired Air Rescue Services (ARS) and Brim Leasing Equipment to expand its logistics/transmission offerings in the aviation services business. Total consideration paid by Mammoth was USD 7.9 million. These transactions provide immediate vertical integration for Mammoth's Cobra subsidiary via aerial powerline services while providing a platform to pursue additional aviation service opportunities. These transactions include the acquisition of 100% of US-based Air Rescue Services (ARS), and the formation of a joint venture between Mammoth and Wexford Capital, which purchased Brim Equipment Leasing. The acquisitions of ARS and Brim integrate the company's operation while providing another strategic platform for growth. Cobra's T and D operations will now have six helicopters in its fleet, three of which are expected to operate in Puerto Rico. The integration of aviation assets will provide further advantage for Cobra's pursuit of turnkey transmission work throughout North America. Air Rescue Services/Brim Equipment Leasing offers services in the Pacific Northwest including aerial surveillance, offshore hoisting operations, training services, search and rescue operations and transportation services. ARS currently utilises one MD 902 aircraft. Brim will initially serve as the operator of six primarily light lift aircraft, including the MD600 aircraft previously owned by Mammoth, providing services and applications including short haul/hoist operations, power line construction, search and rescue among other services. The initial ARS /Brim aviation fleet includes four MD-600 aircraft, one MD-902 aircraft and one Agusta AW109SP aircraft.
Mammoth Energy Services, Inc. is an integrated energy services company focused on providing products and services to enable the exploration and development of North American onshore unconventional oil and natural gas reserve. It is also engaged in the construction and repair of the electric grid for private utilities, public investor-owned utilities and co-operative utilities through its infrastructure services businesses. It operates through four segments. The Natural Sand Proppant services segment mines, processes and sells sand for use in hydraulic fracturing. The Well Completion services segment provides hydraulic fracturing, sand hauling and water transfer services. The Infrastructure services segment provides electric utility infrastructure services in the northeastern, southwestern, midwestern and western portions of the United States. The Drilling services segment provides rental equipment, such as mud motors and operational tools, for both vertical and horizontal drilling.
MAMMOTH ENERGY SERVICES, INC. 
