Solaris Energy closes Omega acquisition for 3.6 million shares and $77 million cash
Solaris Energy Infrastructure completed its acquisition of Omega Foundation Services, an engineering, procurement and construction firm, through a merger agreement signed and closed on September 1, 2026. The seller, Andrew W. Bennett, received 3,599,199 Class A common shares and about $77 million in cash, subject to post-closing adjustments. The company says the deal adds specialized EPC capabilities to its power infrastructure offering.
Key points
- Consideration: 3,599,199 Class A common shares plus about $77 million in cash, subject to customary post-closing adjustments
- Merger agreement dated September 1, 2026, with the transaction closing the same day
- Seller is subject to a 180-day lockup on the shares received, with a longer restriction on a portion of them
- Press release of September 2, 2026 cites about $101 million of net cash consideration and $28 million of debt and lease assumption; financial statements and pro forma information to be filed by amendment
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.