BDO Capital Advises on the Sale of JRGO to TETRA Technologies

Boston, MA - March 7, 2019 - BDO Capital Advisors, LLC (“BDO Capital”) is pleased to announce the sale of JRGO Energy Services, LLC (“JRGO” or the “Company”) to TETRA Technologies, Inc. (NYSE: TTI) (“TTI”). BDO Capital served as exclusive financial advisor to JRGO, working closely with its shareholders and management team throughout the sale process. 

JRGO is a provider of infrastructure services to the oil & gas industry. The Company’s primary service offerings include water transfer, bypass pumping and water containment services. These services are geared towards leading oil & gas exploration and production companies operating in the Appalachian Basin. 

TTI, a publically-traded company, is a geographically diversified oil & gas services company, focused on completion fluids and associated products and services, comprehensive water management solutions, frac flowback, production well testing, offshore rig cooling and compression services & equipment. TTI’s products and services are delivered through three business divisions: Completion Fluids & Products, Water & Flowback Services and Compression.

This transaction highlights BDO Capital’s continued success advising entrepreneur-led companies. In addition, the deal enhances our oil & gas credentials and demonstrates our ability to drive results despite otherwise volatile market conditions.

Kevin Sendlenski, Managing Director, led the client engagement for BDO Capital with support from Eric Higgins, Vice President.