Mergers & Acquisitions ·
Select Water Solutions announced the acquisition of Pilot Water Solutions for $700 million in consideration…
WTTRSelect Water Solutions, Inc.
Select Water Solutions announced the acquisition of Pilot Water Solutions for $700 million in consideration, comprising $600 million in cash and $100 million in Class A common stock, plus a potential $15 million contingent earnout. The transaction is expected to close in Q4 2026 subject to regulatory approvals. Concurrently, Select sold a 55% interest in its Peak Rentals business for approximately $41.5 million in cash and a $35.3 million seller note, removing the segment from future financial results. Pilot Water adds an estimated $120-$130 million of 2027 EBITDA and significant Delaware Basin infrastructure. Select Water Solutions provides sustainable water and chemical solutions to the energy industry.