Mr. Johnsrud continued, “I am also very excited about the opportunity to work with Dick as we build this Company. Dick has decades of experience, having built three separate billion dollar plus companies listed on the NYSE, and his experience will be invaluable working on overall corporate strategy and direction of the business.”Power Fuels operates a fleet of nearly 500 water trucks and 19 disposal wells in the Bakken Shale area, as well as a large water-related rental fleet of equipment. The merger of the Power Fuels and Heckmann operations will bring the Company’s fleet to approximately 1,300 heavy-duty trucks, 3,800 frac tanks, 2,000 other fluid handling and solid-waste tanks and other environmental services equipment, 200 rail cars and more than 45 disposal wells, with additional wells in the permitting process. Upon completion of the acquisition, Heckmann will have over 300 miles of permanent and temporary piping and operate 70 locations across 26 states with 3,000 employees and more than 20,000 customers.
Heckmann Corporation And Power Fuels To Merge Creating A Leading Environmental Services Company Focused On Energy And Industrial End-Markets
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