Post Oak Energy Capital and Genesis Park, through investment partnerships each company separately manages, have sold their interests in Layne Water Midstream (LWM) in an all-cash transaction. Financial terms were not disclosed.
LWM is a full-cycle water midstream business providing water solutions for its customers through responsibly created water infrastructure, including produced water gathering and disposal; source water delivery; and produced water redelivery, treatment and recycling services.
Post Oak is a Houston-based private equity firm primarily focused on making domestic investments in the upstream, midstream and oilfield services sectors of the energy industry, and Genesis Park is a Houston-based debt and equity investment platform.
The companies initially invested in LWM in early 2019 and have worked closely with the company’s management team to grow its customer base and footprint in the Permian Basin.
