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Water Management Company Scores $150 Million

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Water Management Company Scores $150 Million

[ Summary : Rockwater Energy Solutions, a water management company backed by SCF Energy Partners said its scored $145 million from stock sales.  The company intends to pay off debt and fund acquisitions. ]

Rockwater Energy Solutions, Inc. (“Rockwater”) is pleased to announce that it completed a private placement of 8.3 million shares of its Class A-1 Common Stock (“Common Stock”) for aggregate gross proceeds of approximately $145 million. Rockwater intends to use the net proceeds from the offering to pay off all outstanding indebtedness and for general corporate purposes, including acquisitions and other growth opportunities.

The Common Stock offered and sold in this transaction was sold to qualified institutional buyers in the United States pursuant to Rule 144A, to accredited…

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