Aris Water Solutions, Inc. (ARIS): $23.62
Market Cap: $1.40B
Deal Value: $2B
Western Midstream Partners, LP (WES) entered a merger agreement on August 6, 2025, to acquire Aris Water in a deal valued at $2 billion, as part of its strategy to diversify operations within the Permian Basin.
Aris shareholders may elect to receive 0.625 Western Midstream common units, $25 in cash, or a combination of both, for each share of Aris common stock held. The cash consideration is subject to proration to ensure that the total cash consideration paid by Western Midstream does not exceed $415 million of the aggregate merger consideration.