Western Midstream Partners Announces It Will Acquire Aris Water Solutions In A Cash-And-Equity Deal Valued At ~$1.5B, Offering Aris Shareholders 0.625 WES Units Per Share Or The Option Of $25 Per Share In Cash, Subject To A $415M Cash Cap

Author: Benzinga Newsdesk | August 06, 2025 04:02pm

Western Midstream Partners, LP ("WES" or the "Partnership") (NYSE:WES) and Aris Water Solutions, Inc. ("Aris") (NYSE:ARIS) announced today that the parties have entered into a definitive agreement pursuant to which WES will acquire all of the outstanding shares of Aris in an equity-and-cash transaction valued at approximately $1.5 billion. Under the terms of the agreement, Aris shareholders will receive 0.625 common units of WES for each Aris share, with the option to elect to receive $25.00 per share in cash, subject to possible proration with a maximum total cash consideration for the transaction of $415 million. Based on WES's closing price on August 5, 2025, and assuming maximum cash consideration, the transaction represents a premium of 10-percent to Aris's 30-day VWAP and a premium of 23-percent to Aris's closing price on August 5, 2025. The total enterprise value of the transaction is approximately $2.0 billion before transaction costs.

Posted In: ARIS WES