Select Water Solutions agrees to acquire Pilot Water Solutions for $700 million cash-and-stock deal
Bitget2026/09/24 20:31- Select Water Solutions agreed to acquire Pilot Water Solutions in a USD 700 million cash-and-stock deal, with up to USD 15 million earnout.
- Consideration includes USD 600 million cash, USD 100 million of Class A common stock priced off the 30-day VWAP before closing.
- Closing targeted for the fourth quarter of 2026, subject to customary conditions and approvals.
- Pilot Water is expected to generate USD 100-110 million adjusted EBITDA in 2026, rising to USD 120-130 million in 2027.
- Select targets USD 10-15 million of annual cost synergies within 12-18 months, with pro forma net leverage below 2.0x at closing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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