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Select Acquires Pilot Water Solutions LLC in Delaware Basin

2 reports, 2 independent Updated Sun 00:00
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Developments
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Repetition
50%

New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Select Water Solutions, Inc. announced it has entered into a definitive agreement to acquire Pilot Water Solutions LLC. The transaction is valued at $700 million in cash and $100 million in Class A common stock, plus $15 million in potential contingent cash consideration. Pilot Water Solutions LLC operates as a water midstream company primarily in the Delaware Basin.

From prnewswire.com

Why it matters

Some supportBrind's analysis of the reports

The acquisition is expected to add an estimated $120 million to $130 million in 2027E EBITDA for Select. The purchase strengthens Select's infrastructure-led business, with Water Infrastructure projected to account for about 70% of Select's pro forma profitability by 2027.

From prnewswire.com

Who's involved

  • SelectAcquiring company that is purchasing the water midstream asset

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • ChoiceSpeculative

    Choice might see changes in consumer demand or prices related to water infrastructure costs.

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The entities involved

  • Select

    Fashion retail chain in the United Kingdom

    Nothing else this week.

Coverage

Newest first; wire copies grouped