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Oil & Gas Equipment & Services M&A image Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Sat., Feb. 29, 8:03 AM Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.

Slide #20. ECOSERV Newpark Resources Environmental Services Business

Acquirer: ECOSERV
Acquiree: Newpark Resources Environmental Services Business (NYSE:NR)
Details: Newpark Resources, Inc. (NYSE: NR) today announced that it has entered into a definitive agreement to sell its Environmental Services business to ECOSERV, LLC, a portfolio company of Denver-based private equity group Lariat Partners, LP. Under the terms of the agreement, Newpark will receive $100 million in cash, subject to adjustment based on actual working capital conveyed at closing. While containing representations, warranties and indemnities which are customary for transactions of this nature, this agreement significantly limits Newpark's post-closing environmental obligations, including those related to the waste transfer and disposal facilities.



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Company Name: 
Newpark Resources, Inc.
Website: 
www.newpark.com
Sector: 
Oil & Gas Equipment & Services
Number of ETFs Holding NR: 
39
Total Market Value Held by ETFs: 
$65.02M
Total Market Capitalization: 
$316.00M
% of Market Cap. Held by ETFs: 
20.58%
 

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Strong Buy (4.00 out of 4)
87th percentile
(ranked higher than approx. 87% of all stocks covered)
Based on Zacks ABR data;
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