US fracturing company Mammoth Energy Services has acquired several oilfield service businesses in an all-stock deal.

Mammoth said on Tuesday it entered into definitive agreements to acquire Sturgeon Acquisitions, which owns Taylor Frac, Taylor Real Estate Investments, and South River Road, as well as Stingray Energy Services, and Stingray Cementing, for seven million shares of common stock.

Based upon a closing price of Mammoth’s common stock of $19.06 per share on 20 March, the value of the transaction is approximately $133.8 million, including the assumption of $7.3 million in debt and offset by a positive working capital balance of $6.7 million.

Taylor Frac owns a sand mine and processing plant with 37.1 million tons of recoverable reserves, 73% of which is more highly valued fine sand grades.

Mammoth said it plans on expanding the Taylor facility to 1.75 million tons per year by year-end 2017 at an estimated cost of $23 million.

Taylor’s facilities are located on the Canadian National Railway, which provides a cost effective solution to the Appalachian basin (Utica, Marcellus) and Western Canada, Mammoth said.

Stingray Energy Services and Stingray Cementing, combined, offer services in fresh water transfer, equipment rental, re-fueling as well as cementing and operate primarily in the Appalachian basin.

“The addition of sand mining, processing and logistics, as well as water transfer, refueling, equipment rentals and cementing, all of which primarily operate in the northeast, will further expand and integrate Mammoth’s service offerings,” Mammoth chief executive Arty Straehla said.

“The pending acquisitions of Taylor Frac, Stingray Energy Services and Stingray Cementing represent a natural step for Mammoth to continue to expand its integrated service offering.”

“Taylor Frac will provide surety of sand supply for our expanding pressure pumping fleet as well as broaden our service offerings to our customer base. Once the expansion of the Taylor facility is completed at year end 2017, Mammoth is expected to have sand processing capacity of approximately 2.45 million tons per year to support our six high pressure pumping fleets,” Straehla said.

“Given the increasing demand for sand, we believe this will differentiate our service offering, giving our customers confidence that their wells will be completed without the need to source sand from third-parties.”

“We believe that over the coming months we will continue to see increasing demand for pressure pumping, sand and logistics services and that the Taylor acquisition will support our ability to meet this increased demand,” Straehla added.

Mammoth anticipates closing the transactions in May.