# Onterris Acquires Substantially All PBELab Assets in Permian Basin By John Kim Canonical URL: https://www.tokenpost.com/news/business/53099 Published: 2026-11-10T13:00:55.000Z Updated: 2026-11-10T13:00:55.000Z Section: Business > 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. ## Links in this article - [earlier growth outlook](https://www.tokenpost.com/news/business/50724)