American Energy Partners, Inc. acquired Apex Energy Service, LLC.
January 02, 2022
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American Energy Partners, Inc. (OTCPK:AEPT) acquired Apex Energy Service, LLC on January 1, 2022. Total consideration for the Acquisition was funded through a combination of cash, conventional debt and common stock. American Energy is to pay potential contingent consideration based on the achievement of specific EBITDA growth targets of the Company over the next three years. Albert Bove Jr. will remain President of Apex. The acquisition will bring additional 55 employees that increases American Energy's total employee count to about 100. The Apex transaction includes three facilities in Canonsburg, PA; Monongahela, PA; and Wheeling, WV.
American Energy Partners, Inc. (OTCPK:AEPT) completed the acquisition of Apex Energy Service, LLC on January 1, 2022.
American Environmental Partners, Inc., formerly American Energy Partners, Inc., is a conglomerate holding company. The Company is engaged in the acquisition and growth of environmental services. Its subsidiaries include Unlimited Energy Services, LLC, Austin Master Services, Apex Energy Services, and Hydration Company of Pennsylvania, LLC. Unlimited Energy Services, LLC is an energy service company that focuses on reducing the environmental footprint of energy assets through the operations and the decommissioning and reclamation of oil and gas wells. Austin Master Services is a comprehensive environmental services company specializing in radioactive and mixed waste management solutions. Apex Energy Services provides well-site environmental services to upstream energy companies in Western Pennsylvania, Eastern Ohio, and Northern West Virginia. Hydration Company of Pennsylvania, LLC is engaged in the businesses of water exploration and water augmentation.
AMERICAN ENVIRONMENTAL PARTNERS, INC. 
