Vita Inclinata Technologies, Inc. acquired Air Rescue Systems Corp from Mammoth Energy Services, Inc. for $3.6 million.
July 16, 2023
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Vita Inclinata Technologies, Inc. acquired Air Rescue Systems Corp from Mammoth Energy Services, Inc. (NasdaqGS:TUSK) for $3.6 million on July 13, 2023. The consideration for $3.3 million in cash, plus $0.3 million in consideration to be paid by the seller in 90 days, subject to certain conditions.
Vita Inclinata Technologies, Inc. completed the acquisition of Air Rescue Systems Corp from Mammoth Energy Services, Inc. (NasdaqGS:TUSK) on July 13, 2023. Vita paid $3.3 million in cash plus $0.3 million to be paid one year after closing if certain conditions are met.
Mammoth Energy Services, Inc. is an integrated energy services company focused on providing products and services to enable the exploration and development of North American onshore unconventional oil and natural gas reserve. It is also engaged in the construction and repair of the electric grid for private utilities, public investor-owned utilities and co-operative utilities through its infrastructure services businesses. It operates through four segments. The Natural Sand Proppant services segment mines, processes and sells sand for use in hydraulic fracturing. The Well Completion services segment provides hydraulic fracturing, sand hauling and water transfer services. The Infrastructure services segment provides electric utility infrastructure services in the northeastern, southwestern, midwestern and western portions of the United States. The Drilling services segment provides rental equipment, such as mud motors and operational tools, for both vertical and horizontal drilling.
MAMMOTH ENERGY SERVICES, INC. 
