KPMG Corporate Finance LLC acted as the exclusive financial advisor to SwiftWater Energy Services on its sale to TETRA Technologies
KPMG Corporate Finance LLC (“KPMG CF”) 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.
Global coverage. Industry knowledge. Middle-Market focus
The global Corporate Finance practices of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Thomson Reuters SDC, and Mergermarket based on number of completed transactions, for 2017.
KPMG Corporate Finance LLC
KPMG Corporate Finance LLC was recently named Transaction Advisory Firm of the Year by The Global M&A Network, and previously named Investment Bank of the Year by The M&A Advisor. KPMG Corporate Finance LLC provides a broad range of investment banking and advisory services to its domestic and international clients. Our professionals have the experience and depth of knowledge to advise clients on global mergers and acquisitions, sales and divestitures, buyouts, financings, debt restructurings, equity recapitalizations, infrastructure project finance, capital advisory, portfolio solutions, fairness opinions, and other advisory needs.