Add as a preferred source on GoogleOnterris Acquires Substantially All PBELab Assets in Permian Basin
The asset purchase was completed Nov. 2 and announced Nov. 9. Onterris has described a pipeline centered on smaller bolt-on deals.
Onterris announced Nov. 9 that it had acquired substantially all assets of Permian Basin Environmental Lab (PBELab), expanding its presence in the Permian Basin as it pursues mostly small bolt-on deals.
The asset acquisition was completed Nov. 2, a week before the announcement. Onterris has described its acquisition pipeline as robust and said planned deals would mostly be small bolt-ons. The company pointed to industrial wastewater, municipal drinking water treatment and emissions management as areas of opportunity.
Recent acquisitions represented about $14 million of investment. In its earlier growth outlook, Onterris projected about 15% revenue CAGR and 25% adjusted EBITDA CAGR through 2030. The Permian Basin spans West Texas and southeastern New Mexico.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.