Daily News: September 9, 2014

RBS Citizens Provides Financing to Support EPP Buy

Extreme Plastics Plus (EPP) announced the acquisition of American Well Service (AWS). EPP is a portfolio company of private equity firm Hastings Equity Partners.

Washington, PA-based AWS provides containment and closed loop solids control to exploration and production companies throughout the Marcellus and Utica Shales. The acquisition of AWS will enhance EPP’s ability to offer market leading environmental containment solutions to its customers from its nine locations throughout the U.S.

EPP said financing for the transaction was provided by RBS Citizens while Edwards, Wildman, and Palmer served as legal counsel to the shareholders of EPP in the transaction.

Fairmont, WVA-based Extreme Plastics Plus provides comprehensive environmental containment solutions to the energy industry across the U.S.