On the Record · Liberty Energy

Liberty Energy acquisitions, on the record

The businesses Liberty Energy bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
PropX Word for word“As a result of the acquisition of PropX, which was completed in October 2021, we are a leading provider of last-mile proppant delivery solutions, including proppant handling equipment and logistics software across North America.” 10-K for 2023	acquisition	October 2021	—
Siren Energy & Logistics, LLC Word for word“On April 6, 2023, LPI expanded its footprint with the acquisition of Siren Energy & Logistics, LLC (“Siren”) (“the Siren Acquisition”), a Permian focused integrated natural gas compression and CNG delivery business.” 10-K for 2023	acquisition	April 6, 2023	—
ST9 Gas and Oil LLC Word for word“In 2018, we vertically integrated a supplier of certain major components through the acquisition of ST9 Gas and Oil LLC, which recently changed its name to Liberty Advanced Equipment Technologies LLC.” 10-K for 2023	acquisition	2018	—
two non-strategic facilities acquired in a previous acquisition Word for word“The gain recognized in the year ended December 31, 2022 was a result of the sale of used field equipment and light duty trucks in a strong used vehicle and equipment market offset by a loss on sale of two non-strategic facilities acquired in a previous acquisition and a loss on plan of sale for two other non-strategic facilities.” 10-K for 2023	divestiture	year ended December 31, 2022	—
ST9 Gas and Oil LLC (now Liberty Advanced Equipment Technologies LLC) Word for word“In 2018, we vertically integrated a supplier of certain major components through the acquisition of ST9 Gas and Oil LLC, which subsequently changed its name to Liberty Advanced Equipment Technologies LLC, and now provides engineering design and packaging for certain equipment used in our operations.” 10-K for 2024	acquisition	2018	—
Proppant Express Solutions LLC Word for word“In October 2021, we vertically integrated a supplier of our containerized sand and last mile proppant logistics solutions with the acquisition of Proppant Express Solutions LLC.” 10-K for 2024	acquisition	October 2021	—
IMG Energy Solutions Word for word“On March 3, 2025, we completed the acquisition of IMG Energy Solutions (“the IMG Acquisition”), a leading developer of distributed power systems, for cash consideration of approximately $19.6 million, subject to normal closing adjustments and net of cash received.” 10-K for 2025	acquisition	March 3, 2025	approximately $19.6 million

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)
2021-12-31	$0
2022-12-31	$0
2023-12-31	$75.7 million
2024-12-31	$0
2025-12-31	$15.2 million

Deal filings since 2016

2026-09-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-06-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-05-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-03-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-02-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-02-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-01-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-08-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-07-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-05-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-02-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-01-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-01-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-09-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-07-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-07-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-09-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-01-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-01-18 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets

Read from Liberty Energy’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-02. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.