Hastings Equity Partners, LLC, a private equity firm headquartered near Boston, has acquired 80% of Wright Trucking, Inc. from its private shareholders for US$11 million.
Wright Trucking Inc. is an energy services firm that transports and disposes of produced water from oil and gas production activities. The company also rents frac-tanks and operates disposal wells in the Panhandle of Texas.
Oaklins' team in Dallas advised the seller in this transaction, performing a limited buyer search and helping in negotiating the terms of the deal and moving it forward to closing.
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