Select Water Solutions agrees to acquire Pilot Water Solutions for $700 million cash-and-stock deal

Bitget2026/09/24 20:31

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Select Water Solutions Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609241630PR_NEWS_USPR_____DA56620) on September 24, 2026, and is solely responsible for the information contained therein.

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.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Select Water Solutions agrees to acquire Pilot Water Solutions for $700 million cash-and-stock deal

You may also like

Crypto prices