Flotek acquires mobile power generation assets from ProFrac for $105M

Flotek Industries acquired mobile power generation assets and related intellectual property from ProFrac GDM for $105 million, and entered into a six-year dry lease agreement providing a $160 million revenue backlog. The assets include digitally enhanced mobile natural gas conditioning and distribution units.

“We are pleased to announce these transformative agreements, providing us with an entry point to the rapidly growing mobile power generation sector.”oilandgas360.com

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• oilandgas360.comFlotek acquires innovative mobile power generation assets and secures multi-year lease providing $160 million revenue backlog and immediate earnings accretion - Oil & Gas 360Oil &amp, Gas 360Apr 29, 2025

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