M&A Deal Summary

Water Energy Services Acquires Key Energy Services - Fluid Management Services Assets

On September 23, 2021, Water Energy Services acquired energy services and equipment company Key Energy Services - Fluid Management Services Assets from Key

Acquisition Highlights
  • This is Water Energy Services’ 1st transaction in the Energy Services and Equipment sector.
  • This is Water Energy Services’ 1st transaction in the United States.
  • This is Water Energy Services’ 1st transaction in Texas.

M&A Deal Summary

Date 2021-09-23
Target Key Energy Services - Fluid Management Services Assets
Sector Energy Services and Equipment
Buyer(s) Water Energy Services
Sellers(s) Key
Deal Type Divestiture

Target

Key Energy Services - Fluid Management Services Assets

Houston, Texas, United States
Key Energy's Fluid Management Services Assets includes 32 SWDs, frack tanks, transport vehicles, and other equipment located in Texas and New Mexico.

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Buyer(S) 1

Buyer

Water Energy Services

Charlotte, Texas, United States

Category Company
Sector Environmental
DESCRIPTION

Water Energy Services is a company dedicated to safeguarding, enhancing, and developing environmental solutions. Water Energy Services partners with the energy industry and industrial companies who share the vision for a sustainable future. Water Energy Services is based in Charlotte, 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

Seller(S) 1

SELLER

Key

Houston, Texas, United States

Category Company
Founded 1977
Sector Energy Services and Equipment
Employees2,000
Revenue 414M USD (2019)
DESCRIPTION

Key is an onshore, rig-based well servicing contractor based on the number of rigs owned. Key provides a complete range of well intervention services and has operations in all major onshore oil and gas producing regions of the continental United States and internationally in Mexico and Russia. Key was founded in 1977 and is based in Houston, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Energy Services and Equipment M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 Advanced Measurements

Calgary, Alberta, Canada

Advanced Measurements, Inc. is a designer and production of oilfield service data acquisition, control and information systems. Advanced Measurements was founded in 1989 and is based in Calgary, Alberta.

Sell -