Silica Mining Facility
Gordon Brothers Sells Silica Mining Facility Plant Equipment & Related Assets
In September 2020, Gordon Brothers was engaged to sell the plant equipment and related assets of a silica mining facility.
Gordon Brothers specializes in structuring complex, multi-asset transactions in the commercial and industrial sector, partnering with operating companies and their investors to help them overcome operational challenges during transformative times.
The facility, located in Arcadia, Wisconsin, specialized in mining and processing high-quality silica proppant and foundry sand for the hydraulic fracturing and construction industries. It included a 130-ton per hour wet plant, a 200-ton per hour dry plant and associated support equipment.
The frac sand industry was challenged as production continued to move from northern white sand to southern sand produced closer to the frac sights, greatly reducing cost. The pandemic exacerbated these existing issues causing oil price declines and adding additional stress on an already struggling industry.
In partnership with Terrapoint, Gordon Brothers marketed the equipment including associated support equipment, portable and fixed belt conveyors, surge bins and feeders, silos, scrubbers, tanks, vibratory and separator screens, filter presses, radial stackers, dust collection systems, truck scales, control center, air compressors, slurry pumps, bucket elevators, test equipment, and other associated plant machinery and equipment.
Our process focused on direct engagement with end-user clients and prospects culminating in the entire plant’s sale for removal and reinstallation to an alternate location. Gordon Brothers’ and Terrapoint’s combined industry experience, operational knowledge and extensive relationships were key to the sale’s success.
Gordon Brothers served as advisor and liquidator on behalf of the secured lender, Wisconsin Bank & Trust.