Hastings Equity Acquires Elite Treating Solutions

Hastings Equity Acquires Elite Treating Solutions

wadeco nf1WadeCo Specialties, a portfolio company of Hastings Equity Partners, has acquired Elite Treating Solutions.

Elite Treating Solutions is a specialist oil and gas field services provider, with a focus on providing chemical treatment services. The company monitors oil and gas wells, and provides services related to corrosion prevention, oil and water separation, and water disposal. The company was founded in 2005 by Dwight & Kay Yarbrough and is headquartered in Midland, TX (no website found).

WadeCo Specialties is an oilfield production chemical company that formulates, blends and distributes chemicals to oil and gas production companies to support drilling, completion and production activities throughout the Permian and Delaware Basins. The company is based in Midland, TX (www.wadecospecialties.com).

Hastings Equity Partners invests from $5 million to $15 million in niche manufacturing, distribution, and business services companies with EBITDAs from $2 million to $10 million. The firm is based in Waltham, MA (www.hastingsequity.com).

Investment bank Generational Equity (www.genequityco.com) advised Elite Treating Solutions.  Bryan Gooden, Vice President of Generational Equity’s Central Region deal team, under the oversight of Michael Goss, Managing Director, led the deal team for Generational Equity.

2014 PEPD • Private Equity’s Leading News Magazine • 10-8-14

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