#United States #Houston #Silver Point Capital #Iron Oak Energy #Signal Peak Silica

Silver Point Capital Finances Iron Oak Energy's Acquisition of Signal Peak Silica

In an important development in the North American proppant market, Silver Point Capital, a prominent player in credit investments, has announced its involvement in the financing of Iron Oak Energy Solutions' acquisition of Signal Peak Silica. This acquisition marks a strategic expansion for Iron Oak, solidifying its status as a key multi-basin proppant supplier across North America.

On June 4, 2026, Silver Point Capital detailed its participation through its Direct Lending business in a term loan facility that supports the acquisition. Michael Segura, the President and CEO of Iron Oak Energy, expressed gratitude to Silver Point for their support, stating that the acquisition is set to enhance Iron Oak's operational capabilities and market presence significantly.

Strengthening Market Position

The acquisition is particularly significant as Signal Peak Silica is recognized for its high-quality local proppant manufacturing. It operates production sites in Texas and Oklahoma, catering to crucial oil and gas regions such as Eagle Ford, Mid-Continent, and Permian basins. This strategic move not only consolidates Iron Oak's assets but also enhances its operational capabilities in vital shale formations, reinforcing the company's leadership position.

Anthony DiNello, Head of Direct Lending at Silver Point Capital, highlighted the bespoke financial solutions that the firm was able to create for Iron Oak in this transaction. The closing of this acquisition is expected to broaden Iron Oak Energy's operational reach, providing enhanced service capabilities through a network of facilities strategically placed across major basins.

Contributions from Key Partners

The execution of this financing assignment involved Jefferies LLC, which served as the exclusive placement agent for the term loan facility, while Latham & Watkins provided legal advisory services to Iron Oak Energy throughout the acquisition process. The collaboration between these entities exemplifies a sophisticated approach to capitalizing on market opportunities and expanding business capabilities in a competitive landscape.

About Iron Oak Energy

Iron Oak Energy stands out as a leading diversified provider of proppants in the North American market, with fifteen active production facilities. With the ability to deliver tailored sand solutions from strategically located sites in major shale basins, the company is well-positioned to meet the demands of oil and gas operators. The company focuses not only on the production of in-basin sand but also supplies premium Northern white sand, expanding its portfolio to several other major basins through a comprehensive distribution network.

Headquartered in Houston, Texas, Iron Oak is privately held and backed by investment firms such as Anchorage Capital Advisors L.P. and Golden Gate Capital, among others. These partnerships have facilitated the company's growth trajectory and ability to serve its clientele effectively.

About Signal Peak Silica

On the other hand, Signal Peak Silica serves as an essential contributor to the supply chain with its established production facilities located in Carrizo Springs and Poteet, Texas, as well as in Dover and Oakwood, Oklahoma. The company provides critical proppant solutions tailored to the unique needs of various basins, thereby offering redundant and customized services to customers.

About Silver Point Capital

Founded in 2002, Silver Point Capital has evolved into a leading global investment firm specializing in credit funds. Managing over $48 billion in assets, Silver Point has developed a robust credit platform complemented by Direct Lending business responsible for more than $18 billion in investable assets.

Silver Point Capital’s commitment to supporting clients across various financial needs, including mergers and acquisition financing, showcases its ability to navigate and respond to evolving market conditions effectively.

This acquisition of Signal Peak Silica by Iron Oak Energy Solutions, facilitated by Silver Point Capital, not only reinforces the operational strength of the acquiring company but also signals a significant shift in the competitive dynamics of the proppant supply industry in North America. With this move, Iron Oak is now poised to leverage its enhanced resources and capabilities to provide exceptional services to its growing customer base.