Select Energy Services acquires Complete Energy Services for 3.6M shares + $14.2M cash

Select Water Solutions, Inc.

Consideration: 3.6M shares of Class A common stock and $14.2M cash, subject to post-closing adjustments.
Acquisition adds over 300,000 barrels per day of permitted disposal capacity in Oklahoma and Texas.
Complete's YTD revenue ~60% production-related; Select's production revenue share expected to double to ~20% pro forma.
More than 700 field personnel joining Select; deal expected to be meaningfully accretive to shareholders.
Select reaffirms no debt and strong cash position; Q2 2021 earnings call scheduled for August 4, 2021.

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