Select Energy Services Acquires Nuverra Environmental Solutions

February 23, 2022

Select Energy Services (NYSE:WTTR) completed the acquisition of Nuverra Environmental Solutions (NYSE American: NES) in February 2022, issuing 0.2551 shares of Select Class A common stock for each Nuverra share and converting Nuverra warrants into Select warrants. The deal brings Nuverra’s pipelines, disposal wells and landfill operations (and more than 350 employees) into Select’s water services platform, expanding its disposal capacity, geographic footprint (Bakken, Haynesville, Northeast) and production-related service offerings.

Buyers
Select Energy Services, Inc.
Targets
Nuverra Environmental Solutions, Inc.
Sellers
Ascribe II Investments, LLC, Ascribe III Investments, LLC, Gates Capital Management, Inc.
Industry
Energy
Location
Arizona, United States
Transaction Type
Buyout

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