Bison, water infrastructure, logistics and solutions provider, completed the acquisition of Cobalt, a leading operator of oilfield wastewater disposal and hydrocarbon extraction facilities in the region, from Blue Sage, private equity company. Financial terms were not disclosed. Blue Sage created Cobalt as an oilfield waste platform in 2014 and made its initial investment to finance an acquisition in April 2014. Over the next five years, Blue Sage assisted Cobalt with the subsequent development of five additional greenfield facilities and partnered with management to establish long-term commercial relationships with key producers in the region. During the period in which Blue Sage owned Cobalt, revenue grew by approximately 3x. “Given our extensive experience in oilfield and environmental services, our Blue Sage deal team was able to create what we believe is a successful company from scratch during the last five years by leveraging our prior experience as well as the support of Cobalt’s Chairman John Barnidge. The Cobalt investment represents the third time that we have successfully partnered with John.” Peter Huff, Blue Sage Managing Member.