Select Water Solutions, Inc. acquired Trinity Environmental Services, L.L.C. for $29.4 million.
April 29, 2024
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Select Water Solutions, Inc. (NYSE:WTTR) acquired Trinity Environmental Services, L.L.C. for $29.4 million on April 1, 2024. Under the transaction, Select Water Solutions acquired Trinity Environmental Services and related entities for $29.4 million of cash consideration, subject to customary post-closing adjustments. Additionally, the acquisition encompasses 93 miles of pipelines integrally connected to Trinity?s facilities and permits for nine future SWD locations.
Select Water Solutions, Inc. (NYSE:WTTR) completed the acquisition of Trinity Environmental Services, L.L.C. on April 1, 2024.
Select Water Solutions, Inc. is a provider of sustainable water and chemical solutions to the energy industry. The Company operates in three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment consists of its services businesses, including water sourcing, water transfer, flowback and well testing, fluid hauling, water monitoring, water containment and water network automation, serving exploration and production (E&P) companies. The Water Infrastructure segment provides recycling, gathering, transferring and disposal of water. Its operations are enabled by a network of permanent pipeline infrastructure, semi-permanent pipeline infrastructure, water recycling facilities, earthen pits, water sources and SWDs. The Chemical Technologies segment develops, manufactures, manages logistics and provides a full suite of completion chemical products utilized in hydraulic fracturing, stimulation, cementing and related well completion processes.