Oilfield chemicals firm WadeCo acquire Escudero Chemicals

Oilfield chemicals firm WadeCo to acquire Escudero Chemicals

7:47 AM, 5th October 2015
Oilfield chemicals firm WadeCo to acquire Escudero Chemicals

MIDLAND, US: WadeCo Specialties Inc, a portfolio company of Hastings Equity Partners said it will acquire Midland, US-based Escudero Chemicals LLC, provider of production chemicals and services throughout the Permian and Illinois basins. Financial details were not disclosed.

Founded in 1989, Escudero enhances WadeCo’s ability to provide customers with best-in-class products and services and be a leader in oilfield chemical solutions.

“Escudero’s deeply experienced team and geographic coverage are an excellent fit with our organization. It’s an exciting time at WadeCo as we continue to grow both organically and through acquisition when many in the energy industry are not,” said Ryan Havens, president, WadeCo.

Advisory services were provided by Riveron Consulting LLC and Sand River Capital Advisors LLC. Locke Lord LLP served as legal counsel to WadeCo shareholders.

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