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Announced

Completed

Select Water Solutions completed the acquisition of the water infrastructure assets in the Haynesville Shale and Rockies regions for $90m.

Financials

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

Tags

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United States

water infrastructure

Energy / Utility Services

Acquisition

Domestic

Majority

Infrastructure

Private

Completed

Friendly

Single Bidder

Synopsis

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Select Water Solutions, a provider of sustainable water and chemical solutions to the energy industry, completed the acquisition of the water infrastructure assets in the Haynesville Shale and Rockies regions for $90m. "Select is the leader in delivering full life cycle water solutions to meet the growing need for long-term produced water management in the energy industry, and our recent acquisitions strengthen this position. The three acquisitions will bring additional contracted revenue and earnings power to our Water Infrastructure segment and strategically complement our existing water infrastructure networks in the Haynesville Shale and Rockies regions. With the additions of Iron Mountain and Tri-State Water's disposal operations, we have a tremendous opportunity to efficiently integrate these assets into our existing 60-plus mile gathering pipeline system in the Haynesville Shale, expanding our overall water handling capacity and extending the geographic footprint of the network," John Schmitz, President and CEO Chairman.

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