On July 16, 2024, U.S. Silica Holdings, Inc. (NYSE: SLCA), a diversified industrial minerals company and a leading provider of last-mile logistics to the oil and gas sector, announced that its planned acquisition by funds managed by Apollo affiliates, a prominent global investment firm, has been approved at a special stockholder meeting. The transaction, which is all-cash, is still subject to the agreement's terms and conditions. Pending these, the company anticipates completing the merger before the current quarter ends.

At the Special Meeting, approximately 78% of the Company's outstanding shares were cast, with over 75% voting in favor of the Merger. The final voting results will be disclosed in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC).

U.S. Silica Holdings, Inc., a member of the Russell 2000 index, is a global provider of performance materials. The company specializes in producing commercial silica, essential in both the oil and gas sectors and various industrial applications. U.S. Silica, with a history of 124 years, has developed extensive expertise in mining, processing, logistics, and materials science. This proficiency allows them to efficiently manufacture and distribute over 800 diverse products across multiple end markets.

The company's wholly-owned subsidiaries include EP Minerals and SandBox Logistics™. EP Minerals specializes in manufacturing products made from diatomaceous earth, perlite, engineered clays, and non-activated clays. SandBox Logistics™ leads in state-of-the-art proppant storage, handling, and well-site delivery, prioritizing cleaner, safer, and more efficient logistics for proppants. With 26 operational mines and processing facilities, along with two exploration stage properties nationwide, the Company is headquartered in Katy, Texas.

Apollo Global Management, Inc. is a dynamic global alternative asset manager focused on high-growth opportunities. Within its asset management operations, Apollo aims to deliver superior returns across the risk-reward spectrum, spanning from investment grade to private equity. The firm emphasizes three key investment strategies: yield, hybrid, and equity. With over three decades of experience, Apollo's integrated platform effectively meets client financial objectives and provides innovative capital solutions for business growth. Through Athene, Apollo's retirement services arm, the company specializes in aiding clients in achieving financial security through a range of retirement savings products and institutional solutions. Apollo's approach to investing, characterized by patience, creativity, and expertise, aligns with the interests of clients, portfolio companies, employees, and the communities it serves, fostering opportunities and positive outcomes. As of December 31, 2023, Apollo oversaw around $651 billion in assets under management.