Advantek Waste Management Services funded by TPG Capital

Advantek Waste Management Services funded by TPG Capital

HOUSTON -- Advantek Waste Management Services (AWMS) announced that it has funded its spin-off from Advantek International.

The funding, by TPG Alternative & Renewable Technologies (TPG ART), will accelerate AWMS’s growth and scale as a full service oilfield waste management company, which will build upon Advantek’s long and successful history of leadership in the waste management  field, particularly as it relates to solids, muds, slurry, and water injection. Terms of the deal are not disclosed.

Omar Abou-Sayed, CEO of AWMS said, "This partnership enables us to develop facilities in areas where we expect to see substantial long term activity and to build our management, operational and engineering teams to support our rapid growth."

In conjunction with the financing, AWMS has added several veterans of the oilfield waste management industry to its leadership team:

Gareth Block, COO; previously at Exxon, where he led the team which supported Exxon’s worldwide well injection operations including hydraulic fracturing and slurry injection.

Gary Woolsey, V.P. Operations; previously at NOV and Schlumberger, where he held a wide variety of operational and leadership roles related to slurry and cuttings injection.

Dale Pierce, V.P. Business Development; previously at NOV where he held a variety of market development roles related to wellsite services, solids control, fluids management, and cuttings injection.

AWMS’s initial site targets include: U.S. (Permian basin, Eagle Ford, Bakken, and Alaska), Latin America, Africa, and the Middle East.