Blue Sage Capital successfully sold Cobalt Environmental Solutions to Bison, enhancing Cobalt's growth potential in the Oklahoma environmental services market.

Target Company Overview

Cobalt Environmental Solutions, known as Cobalt, is a prominent operator specializing in oilfield wastewater disposal and hydrocarbon extraction facilities within the SCOOP and Merge plays of Oklahoma's Anadarko Basin. Established as a platform for oilfield waste management in 2014, Cobalt has made significant strides in the industry, particularly following a strategic investment by Blue Sage Capital. Through this partnership, Cobalt successfully developed five additional greenfield facilities, establishing robust commercial ties with leading producers in the region.

Since Blue Sage's initial investment, Cobalt has witnessed impressive growth, with revenues expanding approximately threefold. This trajectory underscores the efficiency and effectiveness of Cobalt's operational strategies and service offerings, making it a key player in Oklahoma's environmental solutions market.

Industry Overview in Oklahoma

The environmental services industry in Oklahoma, specifically in the Anadarko Basin, is experiencing significant growth, driven by the increasing demand for efficient water management solutions in