Announced
Completed
Financials
Tags
United States
water infrastructure
Energy / Utility Services
Acquisition
Domestic
Majority
Infrastructure
Private
Completed
Friendly
Single Bidder
Synopsis
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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