To Our Stakeholders
At our core, Select is deeply committed to serve as the industry’s leading and most trusted partner in sustainable water management solutions. Reflecting back on 2023’s achievements and looking at 2024, we’re proud to have made substantial progress toward our sustainability and growth goals. Over the past fifteen years, primarily serving the energy sector, we’ve honed our focus as a water and chemistry technology innovator. Today, we uniquely offer integrated full lifecycle water and chemical solutions, distinguishing ourselves as a forward-thinking company dedicated to sustainable practices and technological advancements that pave the way for a successful and sustainable future.
John D. Scmidtz
Chairman of the Board, President & Chief Executive Officer
Our M&A activity has been particularly fruitful, developing and expanding the comprehensive infrastructure asset base we’ve built and acquired over the last three and a half years. Since mid 2021, we successfully completed more than fifteen strategic transactions, further diversifying our asset portfolio and enhancing our geographic reach. These moves ensure that Select remains well-positioned to meet ongoing water infrastructure demands across all unconventional U.S. basins, providing broad exposure and access to our investors to a diverse array of capital allocation opportunities. Select’s geographic diversity also creates meaningful competitive advantage because we learn best practices from all basins, versus just one, and apply this across our entire portfolio. This ultimately produces stronger operational and financial results for our shareholders and our customers.
Select’s commitment to sustainability is deeply integrated into our strategic operations and growth objectives. In 2023, we advanced our environmental initiatives, notably through enhanced water recycling and responsible disposal practices that reduce freshwater use and minimize ecological impact. We remain dedicated to leading the way in sustainable water management solutions, continually optimizing our operations to exceed environmental standards. Our approach both bolsters our operational efficiency and reinforces our leadership in the industry, making us a benchmark for sustainability and innovation.
As we move into 2024, our enthusiasm for Select’s future is stronger than ever. We are committed to advancing our mission with precise operational execution, significant infrastructure investments, sustained earnings growth, and rewarding our shareholders, all underpinned by our unwavering dedication to sustainability. We owe immense thanks to our team of talented and committed employees, whose steadfast support propels us forward. We are very excited to continue our sustainability journey and execute on our growing vision throughout 2024.
Sincerely,
John Schmitz
Chairman, President & CEO
