Select Water agrees to buy Pilot Water in roughly $700 million cash-and-stock deal

Select Water (SelectWater) agrees to acquire Pilot Water in a deal valued at about $700 million, combining cash and stock, according to reports citing the transaction’s terms. The agreement is presented as a step in Select Water’s growth plans via acquisition of Pilot Water.

Following the announcement, Select Water’s shares rise sharply. One outlet reports the stock surges around 13%, reflecting market reaction to the proposed acquisition. Other sources focus primarily on the deal structure and total value rather than immediate trading performance, indicating the two main angles: the financial terms of the transaction and the near-term impact on the stock.

While the outlets differ in emphasis—deal size and consideration versus the percentage gain in the stock—the coverage is consistent on the core points that Select Water is moving to acquire Pilot Water and that the announcement prompts a notable positive market reaction.