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Waste Management Acquires PE-backed Petro Waste

Waste Management Petro Waste Environmental LP
AnnouncedMar 11, 2019
TypeCorporate
LocationEagle Ford Shale,Permian Basin
Announced Date
March 11,2019
Transaction Type
Corporate




Snapshot
Location
Region
Gulf Coast - South Texas,Permian

Country
United States

State
Texas

Play
Eagle Ford Shale,Permian Basin



Transaction Details:  Require Private Equity Subscription

Tailwater Capital LLC has sold portfolio company Petro Waste Environmental to WM Energy Services Holdings LLC, an indirect wholly owned subsidiary of Waste Management, Inc.

Terms of the transaction were not disclosed.

Based in San Antonio, Texas, Petro Waste Environmental was originally funded by Tailwater in 2014 in partnership with founder and CEO George Wommack, and has since grown to become a leading provider of comprehensive oilfield environmental services and solid waste disposal serving the Permian Basin and Eagle Ford Shale Play, two of the most economically active oil and gas…


Source : Require Private Equity Subscription