Exclusive financial advisor to SwiftWater Energy Services
KPMG Corporate Finance LLC acted as the exclusive financial advisor to SwiftWater Energy Services.
KPMG Corporate Finance LLC acted as the exclusive financial advisor to SwiftWater Energy Services, LLC (“SwiftWater” or the “Company”), a provider of water management and water solutions to oil and gas operators in the Permian Basin market, on its sale to TETRA Technologies, Inc. (“TETRA”)
Founded in 2013, SwiftWater has grown organically to more than 300 employees in three locations and offers multiple service lines, including: layflat hose water transfer, water treatment, above-ground water storage, poly pipe, and pit lining rentals. The addition of SwiftWater expands TETRA’s market share in the Permian, which is one of the fastest growing basins for oilfield services globally, by adding significant capacity as well as incremental products and services.
“We are excited to welcome SwiftWater’s quality professionals to the TETRA family, and look forward to integrating SwiftWater’s highly complementary products and services into an expanded TETRA portfolio,” comments Stuart M. Brightman, TETRA’s Chief Executive Officer. “We see excellent synergies with nominal customer overlap between our and SwiftWater’s operations in the Permian Basin, and both companies continue to see strong demand for water management solutions, creating excellent opportunities for cross-selling products and services.”
TETRA is a geographically diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, compression services and equipment, and selected offshore services.
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