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Solaris Oilfield Infrastructure shareholders have voted in favor of the $200 million acquisition of Mobile Energy Rentals LLC (MER), a provider of natural gas-powered mobile turbines and energy equipment. The deal marks Solaris' entry into distributed power infrastructure.
Solaris Oilfield Infrastructure has acquired Mobile Energy Rentals (MER) for $200 million, consisting of $60 million cash and 16.5 million shares. MER provides distributed power solutions for energy and commercial & industrial markets.