Blue Sage Capital has sold its portfolio company, R360 Environmental Solutions, to Waste Connections, Inc. for over $1.3 billion, strengthening Waste Connections' position in the oilfield waste management sector.

Target Company Overview

R360 Environmental Solutions, headquartered in Houston, Texas, is a premier provider of non-hazardous oilfield waste treatment, recovery, and disposal services. The company operates in some of the most active natural resource-producing regions in the United States, including the Permian, Bakken, and Eagle Ford Basins. With a network of 26 facilities spread across Louisiana, New Mexico, North Dakota, Oklahoma, Texas, and Wyoming, R360 services a crucial niche within the oil and gas industry.

Throughout its operations, R360 has established itself as a trusted partner for oilfield waste management by actively addressing environmental concerns and meeting regulatory requirements. This strategic positioning has enabled the company to capture significant market share and cultivate lasting client relationships in a competitive landscape.

Industry Overview

The oilfield waste management industry in the United States is witnessing rapid growth, driven by increased drilling activities and the expansion of hydraulic fracturing operations. As oil and gas companies strive