Emerge Energy Services L.P. of Southlake hopes to raise $100 million with an initial public offering and a listing on the New York Stock Exchange, the company says in a Securities and Exchange Commission filing. The partnership is backed by Insight Equity, a Southlake private equity firm. Emerge Energy's operations include: Superior Silica Holdings, a provider of sand and proppants for hydraulic fracturing; Direct Fuels Partners, which operates a refinery and distribution center in Euless, and Allied Energy Co., which distributes ethanol and other fuels. The combined companies in 2012 would have had revenues of $956.9 million and net income of $27.1 million, and its earnings before interest, taxes, depreciation and amortization (EBITBA) would have been $52.3 million, according to Emerge Energy's IPO disclosure, filed March 25. According to that filing, Insight Equity, which was founded in 2002, "makes control investments in strategically viable, middle-market, asset-intensive companies across a wide range of industries. Insight Equity has committed approximately $425 million to 12 investments in North America."
-- Jim Fuquay