Solaris Energy Infrastructure Inc. has completed its acquisition of Mobile Energy Rentals LLC (MER), the company announced Sept. 11.

The $200 million deal, first announced in July, adds critical distributed power infrastructure solutions and multiple end markets, including oil and gas production and midstream and downstream activities to Solaris’ portfolio.

The deal creates a pro forma business mix with more than 50% distributed power infrastructure.

Consideration for the transaction included $60 million in cash and 16.5 million shares of Solaris Class B common stock to MER’s founders and management team.

To grow MER’s distributed power fleet, Solaris also entered into a $325 million senior secured term loan and is finalizing a $75 million revolving credit facility, the company said in a press release. The new credit agreements will replace the $300 million secured bridge term loan facility secured at the time of the deal’s announcement.

Upon acquisition’s announcement, Solaris stock had jumped over 37%, with analysts largely seeing the deal as a way for Solaris to extend its services beyond the oil patch into data centers. MER’s largest contract at the time of the deal’s announcement was with a recently constructed data center facility.

Solaris also completed its rebrand from Solaris Oilfield Infrastructure Inc. and ceased trading on the New York Stock Exchange under the ticker symbol “SOI.” It began trading under the new symbol “SEI” on Sept. 12.

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