Aris Water’s $213.8 Million Initial Public Offering

Kirkland & Ellis represented Trilantic North America, while Latham & Watkins advised the underwriters in the transaction.

Aris Water Solutions, Inc. announced the pricing of its initial public offering of 17,650,000 shares of its Class A common stock at a price to the public of $13.00 per share. In addition, Aris Water has granted the underwriters a 30-day option to purchase up to an additional 2,647,500 shares of its Class A common stock at the public offering price, less underwriting discounts and commissions. Aris Water’s stock trades on the New York Stock Exchange under the ticker symbol “ARIS”. A

Aris Water expects to receive net proceeds of approximately $213.8 million, after deducting underwriting discounts and commissions and estimated expenses payable by Aris Water and excluding any exercise of the underwriters’ option to purchase additional shares, and to use such proceeds for distributions to existing owners and for general corporate purposes.

Goldman Sachs & Co. LLC and Citigroup acted as joint book-running managers and representatives of the underwriters for the offering. J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Barclays Capital Inc. and Evercore Group L.L.C. also served as joint book-running managers for the offering.

Aris Water Solutions is a leading, growth-oriented environmental infrastructure and solutions company that directly helps its customers reduce their water and carbon footprints.

The Kirkland team was led by capital markets partner Julian Seiguer (Picture) and associate Logan Weissler; corporate partners Shubi Arora and Jhett Nelson; tax partner Mark Dundon; and executive compensation partner Rob Fowler.

Latham & Watkins advised the underwriters in the offering with a corporate deal team led by Austin partner David Miller and Houston partner Trevor Lavelle, with Houston associates Om Pandya, Kate Wang, Anji Yuan, and Ziyad Barghouthy. Advice was also provided on tax matters by Houston partner Jim Cole, with Houston associate Emily Fawcett; on environmental matters by Los Angeles counsel Josh Marnitz; and on broker-dealer matters by New York counsel Gail Neely. 

Involved fees earner: Shubi Arora – Kirkland & Ellis; Mark Dundon – Kirkland & Ellis; Robert Fowler – Kirkland & Ellis; Jhett Nelson – Kirkland & Ellis; Julian Seiguer – Kirkland & Ellis; Logan Weissler – Kirkland & Ellis; Ziyad Barghouthy – Latham & Watkins; Jim Cole – Latham & Watkins; Emily Fawcett – Latham & Watkins; Trevor Lavelle – Latham & Watkins; Joshua Marnitz – Latham & Watkins; David Miller – Latham & Watkins; Gail Neely – Latham & Watkins; Om Pandya – Latham & Watkins; Kate Wang – Latham & Watkins; Anji Yuan – Latham & Watkins;

Law Firms: Kirkland & Ellis; Latham & Watkins;

Clients: Barclays Capital ; Citigroup Inc.; Evercore Group ; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Trilantic North America; Wells Fargo Securities;