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Advanced Emissions to buy ADA Carbon Solutions, provides coal update

Nov. 15, 2018 5:45 PM ETArq, Inc. (ARQ) StockBy: Carl Surran, SA News Editor4 Comments
  • Advanced Emissions Solutions (NASDAQ:ADES) agrees to acquire ADA Carbon Solutions, a low-cost provider in the mercury control activated carbon market positions emissions control platform, for $75M; trading is halted.
  • ADES says ADA Carbon Solutions is projected to deliver $73M in adjusted pro-forma revenue for FY 2018, and expects the deal will be immediately accretive to earnings.
  • In an update of its refined coal business, ADES forecasts future net cash flows of $225M-$250M through the end of 2021.

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