Carter Ledyard represented client Arq Limited in its sale of all of its subsidiaries to Advanced Emissions Solutions, Inc. (NASDAQ: ADES). The acquisition closed following the previously announced agreement to combine their respective businesses on updated terms and structure. Arq is an environmental technology company with a novel process for producing specialty carbon products from coal mining waste. ADES is an emissions control solutions company for coal-fired power generation, industrial and municipal water purification markets. The combined organization will offer an enhanced product portfolio with a competitive cost-base.
Carter Ledyard’s team on the deal was led by Guy Lander, and included partners Richard G. Pierson, Steven Paul McSloy, Melinda Fellner, Guy Ben-Ami, counsel Mary Brown, and associates Paul Brown and Claudia Carbone.