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Vinson & Elkins Advises Select Water Solutions on $700 Million Acquisition of Pilot Water Solutions and Debt Financing

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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.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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