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Private investment firm forms Aqua Terra Water Management

Bregal Partners

Private investment firm Bregal Partners has formed Aqua Terra Water Management LP to serve as an acquisition and organic growth platform providing water management and disposal services to onshore oilfield customers in North America. Aqua Terra has made its first investment through the acquisition of Four Winds Energy Services Ltd., an independent operator of Class 1b and Class II water disposal facilities in Alberta, Canada. Terms of the transaction were not disclosed.

“Having spent a year studying the oilfield water management industry, traveling throughout the US and Canada to visit with a variety of industry players in a number of key producing basins, we are excited today to announce the formation of Aqua Terra and to embark on an aggressive growth plan to build a leading North American water management company that seeks to be best in class in safety and environmentally sound business practices,” said Scott Perekslis, managing partner and co-founder of Bregal Partners. “The growing use of hydrofracturing techniques to complete wells in emerging and unconventional light oil plays is creating increased demand for the handling of both frac water and water produced over the life of a well. Through Aqua Terra’s acquisition of Four Winds, we gain both an experienced management team led by Tom Johnston and a compelling entry point into the growing light oil plays of Western Canada.”

Canaccord Genuity served as financial advisor to Bregal Partners, and Dechert LLP and Stikeman Elliott LLP served as legal advisors.

 

 

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