OmniTRAX, Inc.’s transloading, terminal and logistics affiliate, OmniTRAX Logistics Services, LLC (OLS), has agreed to acquire all assets of Terracor Group, a frac sand logistics company. Terracor Group is part of Sanjel Corporation, a Canadian company that filed for Chapter 15 bankruptcy protection in the United States earlier this year.
The assets include three transload facilities with vertical silo storage in Texas and Montana and a high quality frac sand mining opportunity located in Wisconsin.
“We know the frac sand industry very well, so this acquisition is a terrific opportunity for us to expand the operations of OLS and increase the touchpoints we have with customers,” said OmniTRAX CEO Kevin Shuba. “There is also great potential to expand beyond sand into other commodities.”
The new facilities serve energy customers in the Bakken, Eagle Ford and Permian basins. The acquisition broadens the OLS reach in the frac sand supply chain and allows OLS to manage the movement of sand and other commodities from the source through the point of distribution.