Bracewell Represents Matlin & Partners Acquisition Corporation in Business Combination with U.S. Well Services, LLC

HOUSTON – Bracewell LLP is representing Matlin & Partners Acquisition Corporation (NASDAQ: MPAC, MPACU, MPACW), a publicly traded special purpose acquisition company (MPAC), in its business combination with U.S. Well Services, LLC (USWS). Pursuant to a merger and contribution agreement announced on July 15, 2018, USWS will combine with MPAC to become a publicly listed company with an anticipated initial total enterprise value of approximately $588 million.

USWS is a technology-oriented oilfield service company focused exclusively on hydraulic fracturing services for the oil and gas industry. Upon completion of the business combination, MPAC will be renamed U.S. Well Services, Inc. and is expected to trade on the NASDAQ Capital Market.

In connection with the business combination transaction, Bracewell represented MPAC in securing a $135 million committed PIPE investment in the combined company for $10 per share, led by funds managed by Crestview Partners.

Bracewell lawyers involved in this transaction include:

Partners: Charles H. Still Jr., Scott C. Sanders, Elizabeth L. McGinley, Constance Gall Rhebergen, Timothy A. Wilkins, Bruce R. Jocz and Daniel E. Hemli

Counsel: Jacqueline R. Java

Associate: Andrew W. Monk