Add-on Acquisition • Environmental

Tetra Acquires WIT Water Transfer

On February 10, 2014, Tetra acquired environmental company WIT Water Transfer

Acquisition Context
  • This is Tetra’s 1st transaction in the Environmental sector.
  • This is Tetra’s 3rd transaction in the United States.
  • This is Tetra’s 1st transaction in Texas.

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M&A Deal Summary

Date February 10, 2014
Target WIT Water Transfer
Sector Environmental
Buyer(s) Tetra
Deal Type Add-on Acquisition

Target Company

WIT Water Transfer

Beaumont, Texas, United States
TD Water Transfer provides water management services with operational centers in Tilden and Carrizo Springs, TX, serving the Eagle Ford shale, and in Pecos, TX, serving the Permian Basin.
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Buyer Overview 1

Buyer

Tetra

The Woodlands, Texas, United States

Category Company
Founded 1981
Sector Energy Services and Equipment
Employees1,400
Revenue 599M USD (2024)
DESCRIPTION
Tetra Technologies' corporate headquarters in The Woodlands, Texas.
Tetra Technologies' corporate headquarters in The Woodlands, Texas.

Tetra is a geographically diversified oil and gas services company focused on completion fluids and associated products and services, water management, after-frac flow back, production well testing, offshore rig cooling, compression-based production enhancement, and selected offshore services, including well plugging and abandonment, decommissioning, and diving. Tetra was founded in 1981 and is based in The Woodlands, Texas.


Deal Context for Buyer #
Overall 5 of 5
Sector: Environmental 1 of 1
Type: Add-on Acquisition 4 of 4
State: Texas 1 of 1
Country: United States 3 of 3
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-31 Greywolf Production Systems

Crossfield, Alberta, Canada

Greywolf Production Systems, Inc. is a well testing services and are putting our mark on the Coil Tubing service industry.

Buy $56M