"Pretium provides a winning combination of innovative and sustainable packaging solutions, national scale, and highly responsive local service in attractive end markets," said Josè E. Feliciano, Co-founder and Managing Partner of Clearlake. “Pretium's focus on new technologies and service has enabled it to develop a loyal customer base, and we are excited to partner with Paul and his team as the Company enters its next phase of growth.”
"This transaction represents a critical step in Gravity's continued evolution into a premier, integrated water midstream platform with leading scale in the Permian Basin. Gravity is the dominant produced water platform in the core of the Midland Basin, which is one of the most active oil and gas regions in the country," said José E. Feliciano, Chairman of Gravity and Co-Founder and Managing Partner of Clearlake, and Colin Leonard, a Partner at Clearlake.
