Mountain Capital-Backed Revolution Resources Acquires Jones Energy

Updated 1 year 8 months ago

Jones Energy II Inc. entered into a definitive merger agreement to be acquired by Revolution II WI Holding Company LLC in an all-cash transaction valued at approximately USD 201.5 million in December 2019. Under the terms of the agreement, which has been approved by the Jones Energy board and a majority of stockholders, Jones Energy stockholders will receive approximately USD 14.11 in cash for each share of class A common stock or each unit of Jones Energy they own, as applicable. The transaction is expected to close 1Q 2020. Evercore and TD Securities are serving as financial advisors to Jones Energy. The deal closed in January 2020.