M&A Deal Summary

Select Water Solutions Acquires Agua Libre

On August 17, 2021, Select Water Solutions acquired energy services and equipment company Agua Libre from Basic Energy Services

Acquisition Highlights
  • This is Select Water Solutions’ 3rd transaction in the Energy Services and Equipment sector.
  • This is Select Water Solutions’ 5th transaction in the United States.
  • This is Select Water Solutions’ 4th transaction in Texas.

M&A Deal Summary

Date 2021-08-17
Target Agua Libre
Sector Energy Services and Equipment
Buyer(s) Select Water Solutions
Sellers(s) Basic Energy Services
Deal Type Divestiture

Target

Agua Libre

Fort Worth, Texas, United States
Agua Libre is a provider of water midstream, logistics and production services to the oil and gas industry, including operations in Texas, New Mexico, Oklahoma, Louisiana and North Dakota. Agua Libre is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

Select Water Solutions

Houston, Texas, United States

Category Company
Founded 2016
Sector Energy Services and Equipment
Employees3,700
Revenue 1.5B USD (2024)
DESCRIPTION

Select Water Solutions is a provider of oil and gas service company, with a focus on being a solutions provider for its customers. Select offers an array of services and supplies, providing wellsite solutions to oil and gas producers in Texas, Oklahoma, Arkansas, Louisiana, Colorado, Pennsylvania and West Virginia. Select's companies offer wellsite rentals and accommodations, water management operations, pipeline construction, rig logistics, heavy haul services and wellsite construction. Select Water Solutions was founded in 2016 and is based in Houston, Texas.


DEAL STATS #
Overall 5 of 6
Sector: Energy Services and Equipment M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 4 of 5
Country: United States M&A 5 of 6
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-11 The Western Company of Texas

Fort Worth, Texas, United States

The Western Company of Texas, Inc. is a provider of high-capacity overland water transfer services to the domestic oil and gas exploration and production industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 Nuverra

Houston, Texas, United States

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.

Buy -

Seller(S) 1

SELLER

Basic Energy Services

Fort Worth, Texas, United States

Category Company
Founded 1992
Sector Energy Services and Equipment
Employees2,800
Revenue 411M USD (2020)
DESCRIPTION
Basic Energy's corporate headquarters in Forth Worth, Texas.
Basic Energy's corporate headquarters in Forth Worth, Texas.

Basic Energy Services is a provider of well-site services for oil and gas exploration and production companies. These services are fundamental to establishing and maintaining the flow of oil and gas from a well throughout its life cycle. Basic Energy Services was formed in 1992 and is based in Fort Worth, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 NexTier Oilfield Solutions - Well Support Services

Texas, United States

NexTier Oilfield Solutions, Inc's Well Support Services is a provider of well support and production services based in Texas

Buy $94M