Advanced Emissions Solutions, Inc. (ADES) has completed its previously announced acquisition of ADA Carbon Solutions, LLC as of 7 December 2018. Prior to the acquisition, Carbon Solutions was a private company.
Carbon Solutions and ADES produce Powdered Activated Carbon solutions for the coal-fired power plant, industrial and potable water markets.
Further on 7 December 2018, the company and Apollo Credit Strategies Master Fund Ltd and Apollo A-N Credit Fund (Delaware) L.P. executed the US$70 million Term Loan and Security Agreement, which provides funding for this acquisition.
L. Heath Sampson, President and CEO of ADES, commented: "We are thrilled to complete this acquisition of Carbon Solutions and take the next step toward diversifying our emissions control offerings, expanding our customer base and broadening the markets we serve. We strongly believe this is the right transaction, at the right price and time, to drive near-term and long-term growth and value for our shareholders.”
Read the article online at: https://www.worldcoal.com/power/14122018/advanced-emissions-solutions-completes-acquisition-of-ada-carbon-solutions/
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