Houston-based private equity firms Post Oak Energy Capital and Genesis Park said last week they sold their interests in Layne Water Midstream in all-cash transactions. Post Oak and Genesis Park said July 10 they worked closely with Layne management to grow its customer base and footprint in Permian Basin after investing in Layne in 2019. Layne is a full-cycle water midstream business providing water solutions for customers with infrastructure that includes produced water gathering and disposal, source water delivery, and produced water redelivery treatment and recycling services.
Post Oak is focused on making domestic investments in upstream, midstream and oilfield services in the energy industry. Genesis Park supports growth and later stage lower middle market businesses.