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One Equity Partners’ OMNI Environmental Solutions Completes Asset Exchange Transaction with Select Water Solutions

Within the transaction, OMNI Environmental Solutions is acquiring certain Select Water Solutions’ environmental transportation, logistics and disposal operations in the Bakken, Anadarko Basin and Marcellus/Utica regions and divesting waste disposal infrastructure assets in the Bakken region

One Equity Partners, a middle market private equity firm, and its portfolio company, OMNI Environmental Solutions, Inc. (“OMNI”) today announced that OMNI has completed a creative, mutually beneficial transaction to acquire certain environmental transportation, logistics and disposal assets from Select Water Solutions Inc. ("Select") and, in an asset exchange, OMNI has divested certain environmental waste management assets in North Dakota to Select.

The strategic asset exchange reflects OMNI’s ongoing, refocused investment in its core environmental services business. The acquisition — including additional facilities, equipment and 250 new employees in the Bakken, Anadarko Basin and Marcellus/Utica regions — is expected to be immediately accretive to OMNI’s operations. Additionally, OMNI’s divestment of non-core Bakken waste disposal assets is consistent with its focused transformation strategy and supports its concentration on high-impact environmental transportation and wellsite services.

“The transaction fortifies our market position in three significant operating regions,” OMNI President and CEO Courtney Brackin said. “It is a great growth opportunity for OMNI at a pivotal time when navigating challenging market conditions requires generating as many opportunities as possible. The complementary Select assets strengthen OMNI’s existing operations in the Rockies, Mid-Con and Northeast, and further expand our service capabilities and commitment to delivering value to our customers. We are also incredibly thrilled to welcome a new infusion of experienced, highly skilled talent to our operations. These new team members have hit the ground running and are already making positive contributions to our business.”

About OMNI Environmental Solutions

OMNI Environmental Solutions is a leading provider of comprehensive environmental logistics and water management solutions in all major U.S. energy plays. For more information, please visit www.omnienvironmentalsolutions.com

About One Equity Partners

One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.

“The transaction fortifies our market position in three significant operating regions,” OMNI President and CEO Courtney Brackin said.

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