M&A Deal Summary

XRI Blue Acquires Fountain Quail Water Treatment

On April 24, 2019, XRI Blue acquired utilities company Fountain Quail Water Treatment from Fountain Quail Energy Services

Acquisition Highlights
  • This is XRI Blue’s 1st transaction in the Utilities sector.
  • This is XRI Blue’s 1st transaction in the United States.
  • This is XRI Blue’s 1st transaction in Texas.

M&A Deal Summary

Date 2019-04-24
Target Fountain Quail Water Treatment
Sector Utilities
Buyer(s) XRI Blue
Sellers(s) Fountain Quail Energy Services
Deal Type Divestiture

Target

Fountain Quail Water Treatment

Texas, United States
Fountain Quail Water Treatment is a produced water treatment, recycle, and reuse business with operations throughout the Permian Basin and other key producing basins across the United States.

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Buyer(S) 1

Buyer

XRI Blue

Houston, Texas, United States

Category Company
Founded 2013
Sector Utilities
DESCRIPTION

XRI Blue is a water resource management company engaged in the sourcing, production, transportation, storage, and sale of water for use in the upstream exploration & production industry. XRI Blue was founded in 2013 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Utilities 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: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Fountain Quail Energy Services

Irving, Texas, United States

Category Company
Founded 1996
Sector Utilities
DESCRIPTION

Fountain Quail Energy Services is a developer of innovative water management solutions. The company is dedicated to serving oil and gas producers by providing an integrated set of water management solutions. The company offers cradle-to-grave solutions including water sourcing, pipeline transfer, and containment; treating and recycling; and saltwater disposal.


DEAL STATS #
Overall 1 of 1
Sector: Utilities 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: 2019 M&A 1 of 1