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Announced

Completed

Select Energy Services completed the acquisition of Nuverra Environmental Solutions for $45m.

Financials

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Transaction Value£34m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Energy / Utility Services

Domestic

Friendly

Majority

Acquisition

Public

Completed

Single Bidder

United States

water management

Synopsis

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Select Energy Services, a provider of sustainable full life cycle water and chemical solutions, completed the acquisition of Nuverra Environmental Solutions, a provider of water management solutions for energy producers for $45m. "We are excited to close on the acquisition of Nuverra and welcome its more than 350 employees into the Select family. We believe this acquisition further expands Select's leading sustainable water services and infrastructure footprint with additional service offerings, comprehensive infrastructure and geographic breadth. Additionally, we expect to capture revenue synergies and cost savings through the elimination of its public company costs. This acquisition represents a continuation of our strategic effort to improve and bolster our base business, advance our technology and diversification efforts, and execute on value-creating consolidation opportunities," John Schmitz, Select Chairman, President and CEO.

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