Consolidated Water Group Acquires Ramey Environmental Compliance, Broadening Presence in Water-Stressed Western U.S. - Seite 2

Consolidated Water president and CEO, Rick McTaggart, commented: “REC has built a stellar reputation with numerous customers and regulators across Colorado, and has assembled a professional staff that we have come to believe is second to none. Like previous successful transactions that we have completed over the years, we expect that CWCO’s strong financial capabilities and incremental management skills will enable REC to expand its business in this water-stressed and growing area of the United States.”

PERC Water president, Nate Owen, added: “The combination of PERC and REC further broadens our extensive water and wastewater treatment plant operations expertise and market area in the western United States and creates a channel for PERC to pursue design-build projects in the growing Colorado market.

“Colorado’s population has grown at more than twice the rate of the national average over the past decade and newly enacted wastewater treatment regulations are creating design-build opportunities for green field projects as well as necessitating that existing wastewater treatment plants are upgraded to meet stricter nutrient removal requirements. All of us at PERC look forward to working with Wayne, Linda and their world-class staff.”  

To learn more about REC, visit recinc.net.

Additional Transaction Details
Additional details about the definitive stock purchase agreement are provided in a Form 8-K, available at www.sec.gov and the Investors section of Consolidated Water’s website at cwco.com.

About Ramey Environmental Compliance
Ramey Environmental Compliance (REC) is a Colorado based company that offers award-winning service in the maintenance and operation of water and wastewater facilities. REC services also include consulting, equipment services and collection services. For more information, visit recinc.net

About PERC Water Corporation
Based in Fountain Valley, California, PERC Water Corporation is an award-winning innovative water infrastructure company that develops, designs, builds, operates and manages water infrastructure throughout the U.S. Established in 1998, its unique project approach results in certainty of cost, schedule, and water quality for its clients. PERC Water can uniquely provide such certainty at an early stage of a project by leveraging its Customized Design Report (CDR). Its trademarked and award-winning designs allow for an efficient and environmentally sensitive solution to water recycling. PERC Water is a wholly owned subsidiary of Consolidated Water Co. Ltd. For more information about PERC Water, visit percwater.com