NEW YORK, Aug. 6, 2012 — Newco Energy Acquisition Holdings LLC (NEAH Energy), an energy-related asset and services acquisition firm, has formed Water Consolidated Holdings, L.P. ("WaterCo") to provide water treatment and processing services to the global petroleum industry.
WaterCo will focus on providing critical services to the global oil and natural gas industry and develop significant new revenue and profit opportunities based upon technology developments and market demand for on-site water treatment, processing, and purification. WaterCo will treat and process polluted produced water at production fields, provide environmental remediation services, risk management and reporting requirements.
NEAH Energy Holdings, Inc. (NEAH Holdings), a wholly owned affiliate of NEAH Energy, will own the General Partner and Limited Partner interests in WaterCo.
NEAH intends to grow WaterCo aggressively by acquiring proven water treatment technologies, IP rights and public/private competitors over time, in addition to organic growth through its extensive energy sector relationships.
WaterCo is intended to become a dominant operation and risk management platform, in addition to a corporate consolidator in a very fragmented global on-site water treatment sector.
Merriman Capital has been selected as the financial advisor to NEAH Holdings and WaterCo and will be responsible for arranging capital, assisting with target acquisitions and other key corporate finance matters.
About NEAH Energy:
NEAH Energy is an acquisition company formed to acquire energy-related assets and companies. NEAH focuses its interest in deep value, asset-backed investments in distressed, non-core, and niche-based energy assets, with an emphasis on building solid cash flows, capital preservation and prudent risk management.
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