Hi-Crush Partners LP, a producer of proppants used in recovering hydrocarbons from oil and nat gas wells, filed on Monday with the SEC to raise up to $200 million in an initial public offering. Notable shareholders include private equity-firm Avista Capital Partners.
The Houston, TX-based company, which was founded in 2012 and booked $7 million in sales for the 12 months ended 3/31/2012, plans to list on the NYSE under the symbol HCLP. Barclays and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.
