Vinson & Elkins represented Select Water Solutions, Inc. (“Select”), a leading provider of full-life cycle water solutions for the energy industry, in its entry into a definitive agreement to acquire Pilot Water Solutions LLC (“Pilot”) for an aggregate consideration of up to $700 million, plus up to $15 million in potential additional cash payments contingent on the achievement of certain operational milestones. Pilot is a leading water midstream company operating through an infrastructure platform consisting of more than 700 miles of pipeline infrastructure. The transaction is currently expected to close in the fourth quarter of 2026, subject to customary closing conditions.
In addition, the Vinson & Elkins finance team represented Select in obtaining underwritten debt commitments from J.P. Morgan Chase Bank, N.A. and Bank of America to finance the transactions.
The Vinson & Elkins team was led by Partners Caitlin S. Turner, Benji Barron, and Jackson O’Maley.
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