M&A Deal Summary

Western Midstream Partners Acquires Aris Water

On August 6, 2025, Western Midstream Partners acquired infrastructure company Aris Water for 1.5B USD

Acquisition Highlights
  • This is Western Midstream Partners’ 1st transaction in the Infrastructure sector.
  • This is Western Midstream Partners’ 2nd largest (disclosed) transaction.
  • This is Western Midstream Partners’ 3rd transaction in the United States.
  • This is Western Midstream Partners’ 2nd transaction in Texas.

M&A Deal Summary

Date 2025-08-06
Target Aris Water
Sector Infrastructure
Buyer(s) Western Midstream Partners
Deal Type Add-on Acquisition
Deal Value 1.5B USD
Advisor(s) Citi
Houlihan Lokey (Financial)
Gibson, Dunn & Crutcher
Morris, Nichols, Arsht & Tunnell (Legal)

Target

Aris Water

Houston, Texas, United States
Aris Water is an environmental infrastructure and solutions company that directly helps its customers reduce their water and carbon footprints. Aris Water delivers full-cycle water handling and recycling solutions that increase the sustainability of energy company operations. Aris Water was founded in 2015 and is headquartered in Houston, Texas.

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Buyer(S) 1

Buyer

Western Midstream Partners

The Woodlands, Texas, United States

Category Company
Founded 2007
Sector Oil/Gas Exploration
Employees1,511
Revenue 3.6B USD (2024)
DESCRIPTION

Western Midstream Partners is a growth-oriented Delaware master limited partnership formed to acquire, own, develop, and operate midstream energy assets. Western Midstream Partners was founded in 2007 and is based in The Woodlands, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Infrastructure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Meritage Midstream

Golden, Colorado, United States

Meritage Midstream is a platform midstream company focused on greenfield development opportunities and opportunistic acquisitions for the gathering, treating, and handling of natural gas and natural gas liquids in several North American basins. Meritage Midstream Services II was founded in 2012 and is based in Golden, Colorado.

Buy $885M