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Heckman Corp. To Merge With Environmental Services Provider

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September 4, 2012

PITTSBURGH -- Heckmann Corp. (NYSE: HEK) on Sept. 4 announced that it has entered into a merger agreement with Mark Johnsrud, founder and owner of Badlands Energy LLC, a North Dakota limited liability company doing business as Power Fuels.

Power Fuels is a privately held North Dakota-based environmental services provider focused on the transportation, treatment, recycling and disposal of fluids. It is the largest environmental services company in the Bakken shale.

The merger is expected to be highly accretive to Heckmann’s earnings per share and is expected to close in the fourth quarter of 2012. The completion of the ...


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