American Energy Partners, Inc. acquired Austin Master Services, LLC from Joseph Bement and Patrick Horkman for approximately $3.7 million.
July 30, 2022
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American Energy Partners, Inc. (OTCPK:AEPT) acquired Austin Master Services, LLC from Joseph Bement and Patrick Horkman for approximately $3.7 million on July 1, 2022. The Acquisition was funded through a combination of cash, conventional debt, and common stock. The Acquisition will immediately be accretive to earnings.
American Energy Partners, Inc. (OTCPK:AEPT) completed the acquisition of Austin Master Services, LLC from Joseph Bement and Patrick Horkman for approximately $3.7 million on July 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.