TriState (CIC Portfolio Company) Acquires Saltwater Disposal Assets from Pilot Water Solutions

CIC Partners Makes Growth Capital Investment in Tri-State Holdings LLC

October 27, 2020

Oil & Gas

Dallas-based private equity firm CIC Partners has made a growth capital investment in Tri-State Holdings LLC, a Joaquin, Texas-based provider of water transportation and disposal services to oil and gas producers in the Haynesville Shale. The capital will enable Tri-State to expand its disposal services and follow-on growth, and Tri-State concurrently acquired saltwater disposal assets from Key Energy Services as part of its service expansion.

Select Water Solutions Acquires Haynesville and Rockies Water Infrastructure Assets

January 30, 2024

Energy

Select Water Solutions (NYSE: WTTR) acquired three strategic produced-water infrastructure portfolios in the Haynesville Shale and the Rockies for approximately $90 million in cash, adding roughly 450,000 barrels per day of permitted disposal capacity across 21 active saltwater disposal wells, two slurry injection wells, and additional permitted recycling capacity. The transactions include the disposal assets and operations of Tri-State Water Logistics, LLC and substantially all assets of Iron Mountain Energy LLC, and additional Rockies disposal/recycling infrastructure, and are expected to be accretive to Select's Water Infrastructure segment while expanding its geographic footprint and treatment capabilities.

NorthCurrent Partners Acquires Tri-State Water, Power & Air

December 23, 2020

HVAC & Mechanical

NorthCurrent Partners, a New York–based private investment firm backed by family office capital, acquired Tri-State Water, Power & Air as a platform company in the home services sector. The deal closed on December 23, 2020; NorthCurrent will partner with Tri-State's management to support organic growth and pursue add-on acquisitions across the Midwest.

Vortex Companies Acquires Tri-State Utilities and Pipe Vision from National Underground Group

December 13, 2024

Industrial Services

Vortex Companies, LLC has acquired Tri-State Utilities and Pipe Vision from National Underground Group, a portfolio company of ORIX Capital Partners. The Virginia-based businesses provide trenchless pipeline rehabilitation, pipe cleaning and inspection services and will expand Vortex's capabilities and geographic footprint across the Mid-Atlantic and Southeastern United States. Financial terms were not disclosed.

Majors Management Acquires Tri-State Petroleum Corporation Assets

December 17, 2021

Retail

Majors Management, LLC acquired the assets of Tri-State Petroleum Corporation, including 25 company-operated convenience stores and eight wholesale dealer accounts in the tri-state region of western Pennsylvania, northern West Virginia and eastern Ohio. The acquisition expands Majors' geographic footprint into Pennsylvania and West Virginia while bolstering its presence in Ohio.

Tide Rock Holdings Acquires Triad Service Solutions

March 9, 2022

Industrial Services

Tide Rock Holdings, an evergreen holding company, has acquired Triad Service Solutions, a third-generation family-owned full-service facility maintenance company based in Littleton, Colorado. Tide Rock intends to use Triad as a facilities-maintenance platform to broaden geographic reach, expand services (including sanitization/disinfection), and pursue add-on acquisitions; SDR Ventures served as sell-side advisor and the Bondi family were the selling shareholders.