Banner Announces Divestiture of Operating Subsidiaries

To purchase Frisco, TX-based Banner Midstream and its four operating subsidiaries: Pinnacle Frac Transport LLC, a transportation provider of frac sand and logistics services; Capstone Equipment Leasing LLC, which procures and finances equipment to oilfield transportation services contractors; and White River Holdings Corp. and Shamrock Upstream Energy LLC, which are engaged in oil and gas exploration, production, and drilling operations in TX, LA & MS.