Newpark to sell environmental services to Lariat Partners

Newpark Resources Inc. has agreed to sell its Environmental Services business to ECOSERV, part of Lariat Partners, for $100 million.

Feb 12th, 2014

Offshore staff

THE WOODLANDS, Texas –Newpark Resources Inc. (NYSE: NR) has agreed to sell its Environmental Services business to ECOSERV, part of Lariat Partners, for $100 million. The sale is expected to close this quarter.  Lariat reportedly will merge Newpark Environmental Services with Offshore Cleaning Systems which it already owns.

Kenny DesOrmeaux, founder and CEO of Offshore Cleaning Systems, will be CEO of ECOSERV, which will be headquartered in Lafayette, Louisiana.

2/12/14

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