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Onterris Acquires PBELab to Expand Environmental Solutions Capabilities in the Permian Basin

  • Onterris (NYSE: ONT) acquired Permian Basin Environmental Lab (PBELab), a NELAP-accredited facility in Midland, Texas.
  • This transaction establishes Onterris' first physical laboratory in the Permian Basin.
  • PBELab specializes in organic analysis, inorganic analysis, & wet chemistry for soil & water.
  • The acquisition enables Onterris to serve customers across Texas & New Mexico with enhanced local capabilities.
  • Vijay Manthripragada, Onterris President & CEO, stated the move offers a full spectrum of environmental services as a key differentiator.
  • Raland Tuttle, PBELab Founder & President, noted the partnership creates an end-to-end experience for clients & employees.
  • Todd, Barron, Thomason, Hudman, Bebout & Rodriguez, P.C. served as legal advisor to PBELab.