New York, NY (March 17, 2014) – Susquehanna Services, Inc. (“Susquehanna” or the “Company”) of Swoyersville, PA has been acquired by Specialty Waste Operating Partners (“SWOP”), a private investment group. Sperry, Mitchell & Company, Inc. initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Susquehanna.
Susquehanna Services Inc. (www.sspugmill.net) is a leading provider of solids processing services for oil and natural gas drilling operations. The Company uses a proprietary system to process drill cuttings for disposal during the drilling phase of oil and gas development. Founded in 2010, the Company is a rapidly growing energy services platform, with operations in the Marcellus, Utica, and Green River (WY) shale formations. Susquehanna’s founder and President, Mr. John Yarosz, will retain his position and an equity stake in the Company.
Specialty Waste Operating Partners is a private investment group focused on opportunities in the oilfield fluid handling, treatment and disposal sector. SWOP is backed by an array of leading private equity investment firms, including Paine & Partners and Tinicum Incorporated.
Sperry, Mitchell & Company, Inc. (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $10 to $450 million.
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