M&A Deal Summary

Nuverra Acquires Devonian Industries

On May 27, 2011, Nuverra acquired oil/gas exploration company Devonian Industries

Acquisition Highlights
  • This is Nuverra’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Nuverra’s 1st transaction in the United States.
  • This is Nuverra’s 1st transaction in West Virginia.

M&A Deal Summary

Date 2011-05-27
Target Devonian Industries
Sector Oil/Gas Exploration
Buyer(s) Nuverra
Deal Type Add-on Acquisition
Advisor(s) Westbury Group LLC (Financial)

Target

Devonian Industries

Morgantown, West Virginia, United States
Devonian, based in Morgantown, WV, provides water hauling and disposal services to unconventional oil and gas drilling companies within the Appalachian Basin regions.

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Buyer(S) 1

Buyer

Nuverra

Houston, Texas, United States

Category Company
Founded 2007
Sector Environmental
Employees517
Revenue 110M USD (2020)
DESCRIPTION

Nuverra is a company dedicated to the protection, enhancement, and advancement of environmental solutions for the energy and industrial end markets. Nuverra was founded in 2007 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 4
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (West Virginia) 1 of 1
Country (United States) 1 of 4
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-10 Thermo Fluids

Phoenix, Arizona, United States

Thermo Fluids, Inc. is a provider of environmental services in 21 U.S. states through a network of 36 permitted facilities. The company operates a well-maintained fleet of trucks and rail cars in servicing more than 20,000 customers. TFI's range of environmental services includes used oil recycling, used oil filter recycling, antifreeze products, parts washers and solvent recycling. Its industrial waste management services include vacuum services, remediation, lab pack and hazardous waste management. Thermo Fluids was formed in 1993 and Based in Scottsdale, Arizona.

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