Select Energy Services completed the acquisition of Breakwater Energy Partners.

Select Energy Services, a provider of sustainable water and chemical solutions to the energy industry, completed the acquisition of Breakwater Energy Partners, a provider of contracted water recycling and infrastructure solutions focused in the Permian Basin. Financial terms were not disclosed. "Our strong third quarter results, combined with our recent acquisitions, display our ability to execute on our strategy to improve and bolster the base business, advance our technology, sustainability and diversification efforts, and execute on strategic M&A. We progressed each of these initiatives while also commencing our previously announced regular quarterly dividend program. Reinforced by a steady activity backdrop, a challenging labor market and a tight equipment supply environment, we continue to capture market share and see pricing improvements across each of our segments. During the third quarter we achieved 12% sequential revenue growth and 59% incremental gross margins, resulting in significantly improved profitability with Net Income and Adjusted EBITDA growing 70% and 32%, respectively, quarter over quarter," John Schmitz, Select Energy Services Chairman of the Board, President and CEO.