On September 10, 2021, management of Cypress Environmental Partners, L.P. committed to close Cypress Brown Integrity, LLC (“CBI”), its Pipeline & Process Services segment. CBI provided customers with hydrotesting, chemical cleaning, drying, water treatment, nitrogen and other related services. CBI is located in Giddings, Texas and a plan of termination will impact approximately 18 employees. The Partnership’s reasons for exiting the business include the decline in new pipeline construction projects and the inability to obtain more work directly with pipeline owners on maintenance projects. CBI initiated and completed the closure of its operations on September 10, 2021. The Partnership expects to incur a loss of approximately $2.0 million on the disposal of intangible assets associated with CBI. The Partnership expects to sell CBI’s property, plant and equipment, which has a net book value of approximately $1.0 million, and will record gains or losses as those assets are sold. The Partnership also expects to incur employee severance expenses of approximately $0.1 million.