Select Water Solutions announces agreement to acquire Pilot Water Solutions
WTTR•Select Water Solutions agreed to acquire Pilot Water Solutions for $600 million in cash, $100 million in Class A stock and a potential $15 million earnout. It is targeting $10 million to $15 million in annual cost synergies within 12 to 18 months.
1. Deal terms
Select Water Solutions announced an agreement to acquire Pilot Water Solutions. The consideration includes $600 million in cash, $100 million in Class A stock and a potential $15 million earnout.
2. Cost synergies
Select Water Solutions is targeting $10 million to $15 million in annual cost synergies within 12 to 18 months.
