Solaris Energy Infrastructure, Inc. (NYSE: SEI) announced the completion of an acquisition on September 1, 2026, through a definitive merger agreement. The company, a Delaware corporation headquartered in Houston, Texas, acquired 100% of the equity interests of Omega Foundation Services, a specialized engineering, procurement, and construction (EPC) firm.
The transaction was executed via a two-step merger structure involving wholly owned subsidiaries of Solaris and a newly formed Delaware holding company, Omega Holdco. The deal was valued at approximately $101 million in net cash consideration, funded through $77 million in cash and the issuance of 3,599,199 shares of Class A common stock to the selling shareholder, Andrew W. Bennett.
According to the filing, Omega provides specialized EPC capabilities, including heavy civil construction, front-end plant installation, and electrical substation development. The company serves various end markets, including large-scale data centers, LNG, industrial, and government sectors. The acquisition is expected to be immediately accretive to earnings and free cash flow per share.
The transaction was registered under the Securities Act of 1933 using the exemption provided by Section 4(a)(2), which allows for transactions not involving a public offering. Financial statements and pro forma information regarding the acquisition are expected to be filed within 71 calendar days.
