THE WOODLANDS, Texas, June 4, 2012 /PRNewswire/ -- Leadout Partners, LP ("Leadout"), a financial and strategic advisory firm, is pleased to announce the sale of Southwest Proppants & Services, LLC ("SWP") and Silverline Transportation, LLC ("Silverline"), oil field services companies headquartered in Midland and Odessa, Texas, respectively, to Rockwater Energy Solutions, Inc. ("Rockwater"), a fluids management and environmental solutions oilfield service provider headquartered in Houston, Texas. Leadout Partners provided financial and strategic advisory services in preparation for the transaction, and served as the exclusive financial advisor to SWP and Silverline throughout the transaction process.
SWP sources and supplies sand and other proppants and provides rail, storage and transloading logistics, and Silverline provides transportation logistics for sand and proppant, both in support of hydraulic fracturing operations for oil and gas customers throughout the Permian and Eagle Ford basins.
About Rockwater (www.rockwaterenergy.com)
Rockwater Energy Solutions, Inc. provides comprehensive fluids management services and environmental solutions, including water transfer by pipe; production, stimulation, and specialty chemicals, including friction reducers, corrosion and scale inhibitors, and biocides; environmentally-friendly hydraulic fracturing fluid components, such as food based guar and guar derivative products, and proprietary crosslinker technologies; pipeline additives; fluids management, logistics and transportation of fluids, proppants, and oilfield service products through its more than 670 trucks; transloading from rail and storage of sand and other proppant used in hydraulic fracturing; storage of crude oil and other fluids in its tank farms; and well testing and flowback services. Rockwater is headquartered in Houston, Texas, and has about 3,000 employees.
Leadout Partners is a financial and strategic advisory firm specializing in assisting owners of small to middle-market energy and oilfield service companies to successfully plan, prepare, and execute upon their growth or liquidity strategies. With offices in The Woodlands and Midland, Texas, Leadout Partners primarily works with companies having enterprise values between $25 million and $200 million. For more information, please visit www.leadoutpartners.com.
For further information, contact:
Leadout Partners, LP
(832) 506-9599 [email protected]
SOURCE Leadout Partners, LP