About company
They are a blank check company. While they may pursue an acquisition in any sector, they seek a potential business combination with a target in the environmental services sector that has strong environmental, social and governance (ESG) practices, which they believe would allow them to capitalize on the last decade of experience and business relationships of their founder, H.H. Wommack III, Chairman, President, CEO and CFO. Mr. Wommack has built leading, non-hazardous solid waste disposal and waste water treatment businesses, and has significant experience with the following services: environmental remediation; soil, energy and industrial remediation; waste water cleanup; acid and chemical clean-up; salt water disposal; emergency spills; and tank cleaning. These environmental services have application across a number of end-markets, including: consumer, energy, food processing, manufacturing, refining and chemicals, technology, and transportation. Based in Midland, Texas, Mr. Wommack is an entrepreneur and skilled acquirer and consolidator with a demonstrated ability to capture value during periods of sector distress. Over the course of four decades, he has established multiple platform businesses in the environmental services, exploration & production (E&P) and oilfield services (OFS) segments.
CEO
|
CFO
|
H.H. “Tripp” Wommack III
|
H.H. “Tripp” Wommack III
|
H.H. “Tripp” Wommack III: Chairman, President, Chief Executive Officer and Chief Financial Officer. Mr. Wommack is an active senior business professional with over 38 years of successful operating and M&A experience in multiple oil and gas subsectors ranging from environmental services, exploration & production and oilfield services based in Midland, Texas. Mr. Wommack founded Southwest Royalties Inc. (“Southwest”) in 1983 and served as the company’s CEO until its sale in 2004 to Clayton Williams Energy. During Mr. Wommack’s tenure as CEO, Southwest successfully completed multiple financing transactions and acquisitions to grow the business. At the time of sale, Southwest was operating over 1,400 wells. Mr. Wommack also founded Basic Energy Services, an oilfield services operator where he created a defensible, streamlined advantage in oilfield water disposal. Mr. Wommack served as Chairman, President and CEO until the company’s initial public offering in 2005, achieving a peak enterprise value of approximately $1.5 billion. Mr. Wommack founded Saber Resources in 2004, an oil & gas exploration & production company. Mr. Wommack grew the business primarily through strategic acquisitions until its sale to Celero Energy in 2008. Mr. Wommack then founded Petro Waste Environmental in 2012, where the company permitted, built and operated numerous oilfield waste disposal facilities in the Permian and Eagle Ford basins. The company was sold to Waste Management in March 2019. Founded in 2017, Warrior Technologies is an environmental solutions company specializing in proprietary oilfield waste management, tank bottom cleaning and line coating services in the Permian. Mr. Wommack earned his B.A. from the University of North Carolina at Chapel Hill and his J.D. from the University of Texas. Mr. Wommack served on the board for C&J Energy Services from 2010 to 2016 and continues to serve on the board of Key Energy Services (OTC:KEGX).
|
H.H. “Tripp” Wommack III
|