Select Water Solutions to Acquire Pilot Water Solutions in $700 Million Cash-and-Stock Deal, Plus Earnout

Select Water Solutions agreed to acquire Pilot Water Solutions for $600 million in cash and $100 million in stock, with a $15 million contingent payment tied to operational milestones. The stock consideration will be based on the 30-day VWAP at closing, and a six-month price-protection true-up may…