One-Page Deal Sheet
Select Energy Services to Acquire Nuverra Environmental in $45MM Deal
Select Energy Services Nuverra Environmental Solutions
Announced Date
December 13,2021
Transaction Type
Corporate
Location
Region
Northeast - Appalachia,Williston Basin,Ark-La-Tex
Country
United States
State
Louisiana
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Select Energy Services Inc. has entered into an agreement to acquire Nuverra Environmental Solutions Inc. for total consideration of approximately $45 million, including the assumption of approximately $20 million of long-term debt, net of cash.
In consideration for this acquisition, Select issued 1.2 million shares of Class A common stock and paid $1.5 million in cash.
Under the terms of the agreement, Nuverra stockholders will receive approximately 4.2 million shares of Select Class A common stock in exchange for all outstanding shares of Nuverra.
Nuverra is an energy-focused environmental…