Houston-based Stallion Oilfield Services completed two acquisitions, expanding its transportation services in the Permian Basin and the tri-state area of Pennsylvania, West Virginia and Ohio.
Stallion acquired the assets of Al’s Water Service in Washington, Pa. The acquisition was completed on Jan. 30.
Terms were not disclosed.
Stallion CEO David Mannon said the acquisition will allow the company to expand its customer base in the southwest Pennsylvania region and means “we can now provide near end-to-end services to our customers.”
Jeff Pinkerton, the owner of Al’s Water Service, will become an employee of Stallion and will help manage the location.
The second acquisition by Stallion occurred on Jan. 3, when the company purchased substantially all of the assets of Basin Wastewater Solutions in Carlsbad, N.M., for an undisclosed amount. The company provides potable water and wastewater recycling services to drilling rig operators in the Permian region.
Mannon said the deal will enable the company to provide customers with a “well-regarded and technically differentiated product line.”
“Effluent and treated waste streams can now be recycled into the drilling and completions fluid life cycle,” Mannon said. “This process provides efficiencies to Stallion’s customers, drastically reduces on-site water requirements and contributes to safer communities by reducing truck traffic to and from well sites.”
The acquisitions are the first for Stallion since the company was recapitalized in October 2016 with investment from Centerbridge Partners and Littlejohn & Co. to pay off all of the company’s outstanding debt.
Steven Raich, managing director of Littlejohn, said the new capital structure would enable Stallion to strengthen its service offerings and pursue acquisitions in the oil field services sector.
Stallion ranks No. 27 on Transport Topics’ list of the largest private carriers in the petroleum and chemical sector.