American Energy Partners, LP

Pickering Energy Partners Acted as Co-Manager to Helix Energy Solutions Group, Inc.

Retrieved on: 
Monday, December 11, 2023

Pickering Energy Partners (“PEP”) acted as a Co-Manager on the $300,000,000 offering of 9.750% senior notes due 2029 for Helix Energy Solutions Group, Inc. (NYSE: HLX) which closed on December 1, 2023.

Key Points: 

Pickering Energy Partners (“PEP”) acted as a Co-Manager on the $300,000,000 offering of 9.750% senior notes due 2029 for Helix Energy Solutions Group, Inc. (NYSE: HLX) which closed on December 1, 2023.

KBRA Assigns Rating to AeBe ISA Ltd.

Retrieved on: 
Tuesday, November 21, 2023

KBRA assigns an A- insurance financial strength rating (IFSR) to AeBe ISA Ltd (AeBe), a Class E licensed Bermuda-based reinsurer that has GAAP total assets of approximately $4.4 billion as of June 30, 2023.

Key Points: 
  • KBRA assigns an A- insurance financial strength rating (IFSR) to AeBe ISA Ltd (AeBe), a Class E licensed Bermuda-based reinsurer that has GAAP total assets of approximately $4.4 billion as of June 30, 2023.
  • KBRA believes that the ISAC structure provides a robust corporate framework as well as operational flexibility to AeBe as the company onboards future business.
  • As AeBe executes its business plan, KBRA expects this ratio to decrease but remain strong over the medium term.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

Trivest Announces Launch and Branding of Cadex Solutions Corporation

Retrieved on: 
Tuesday, November 14, 2023

Trivest Partners LP (“Trivest”) is pleased to announce the rebranding of its order-to-cash management holding company, BII Services Corp (“BII”), to Cadex Solutions Corporation (“Cadex” or “Company”).

Key Points: 
  • Trivest Partners LP (“Trivest”) is pleased to announce the rebranding of its order-to-cash management holding company, BII Services Corp (“BII”), to Cadex Solutions Corporation (“Cadex” or “Company”).
  • Cadex was formed to simplify the complexities of the commercial order-to-cash process through digitally enabled services.
  • The new Cadex brand serves as the umbrella for a family of brands, which includes ABC-Amega, AG Adjustments, D&S Global Solutions, and TranSubro.
  • Each company remains the service provider that their customers know and trust while benefiting from the knowledge of the Cadex leadership team.

REV Group Appoints Stephen Zamansky as Senior Vice President and General Counsel

Retrieved on: 
Monday, October 30, 2023

REV Group, Inc. (NYSE:REVG), a leading manufacturer of specialty vehicles, announces Stephen (Steve) Zamansky has joined the company as senior vice president / general counsel, effective today.

Key Points: 
  • REV Group, Inc. (NYSE:REVG), a leading manufacturer of specialty vehicles, announces Stephen (Steve) Zamansky has joined the company as senior vice president / general counsel, effective today.
  • View the full release here: https://www.businesswire.com/news/home/20231030902478/en/
    REV Group announces Stephen Zamansky has joined as Senior Vice President and General Counsel.
  • (Photo: Business Wire)
    As senior vice president / general counsel, Zamansky is responsible for REV Group and its companies’ legal, compliance and governance functions.
  • Zamansky previously served as the senior vice president, general counsel, and secretary at Cooper Tire & Rubber Co.

SCWorx Signs Letter of Intent to Acquire an Environmental Services Company

Retrieved on: 
Monday, October 23, 2023

New York, NY, Oct. 23, 2023 (GLOBE NEWSWIRE) -- SCWorx Corp (the "Company" or “SCWorx”)) (Nasdaq: WORX) is pleased to announce that on October 20, 2023 it entered into a letter of intent to acquire American Environmental Partners, Inc (Formerly American Energy Partners, Inc) ("American Environmental") (OTC: AEPT) (the "LOI").

Key Points: 
  • New York, NY, Oct. 23, 2023 (GLOBE NEWSWIRE) -- SCWorx Corp (the "Company" or “SCWorx”)) (Nasdaq: WORX) is pleased to announce that on October 20, 2023 it entered into a letter of intent to acquire American Environmental Partners, Inc (Formerly American Energy Partners, Inc) ("American Environmental") (OTC: AEPT) (the "LOI").
  • The Company anticipates that Proposed Transaction will be structured as a share-for-share exchange with SCWorx shareholders retaining 17% of the combined Company, after giving effect to a $6 million capital raise by American Environmental, which is a condition to completion of the Proposed Transaction.
  • The binding components require among other things that American Environmental Partners provide the Company $150,000 of working capital, as well as cover its costs to complete the transaction.
  • The acquisition of American Environmental will substantially increase the consolidated revenue of the Company, better enabling it to absorb public company costs, while improving cashflow which should enable both SCWorx and American Environmental to grow their respective client bases and revenue.”

American Energy Partners, Inc. Announces the Signing of a Letter of Intent for a Reverse Merger With a Nasdaq Listed Company, SCWorx Corp.

Retrieved on: 
Monday, October 23, 2023

The binding components require among other things that American Environmental provide SCWorx $150,000 of working capital, as well as cover its costs to complete the Proposed Transaction.

Key Points: 
  • The binding components require among other things that American Environmental provide SCWorx $150,000 of working capital, as well as cover its costs to complete the Proposed Transaction.
  • In addition, both parties are restricted from engaging in discussions with other parties about an acquisition or other transaction similar to the terms of the Proposed Transaction.
  • The Proposed Transaction has been approved by the Boards of Directors of both SCWorx and American Environmental and is expected to close in the first quarter of 2024.
  • It is truly the spark that ignites our potential for a brighter future.”
    American Energy Partners, Inc. is a conglomerate holding company.

American Energy Partners Announces Name Change to American Environmental Partners Effective October 30, 2023

Retrieved on: 
Friday, October 13, 2023

CANONSBURG, PA, Oct. 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – American Energy Partners, Inc. (“American Energy”) (PINK: AEPT), an environmental service company, is pleased to announce it will be changing its name to American Environmental Partners, Inc. effective October 30, 2023.

Key Points: 
  • CANONSBURG, PA, Oct. 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – American Energy Partners, Inc. (“American Energy”) (PINK: AEPT), an environmental service company, is pleased to announce it will be changing its name to American Environmental Partners, Inc. effective October 30, 2023.
  • America Energy filed for the name change with FINRA on October 12, 2023.
  • American Energy Partners, Inc. (AEPT) is a conglomerate holding company.
  • American Energy provides shareholder value through the acquisition and growth of environmental services.

Pickering Energy Partners Acted as Co-Manager to Diamond Offshore Drilling, Inc.

Retrieved on: 
Tuesday, September 26, 2023

Pickering Energy Partners (“PEP”) acted as a Co-Manager on the $550,000,000 upsized private placement of 8.500% senior secured second lien notes due 2030 for Diamond Offshore Drilling, Inc. (NYSE: DO) which closed on September 21, 2023.

Key Points: 

Pickering Energy Partners (“PEP”) acted as a Co-Manager on the $550,000,000 upsized private placement of 8.500% senior secured second lien notes due 2030 for Diamond Offshore Drilling, Inc. (NYSE: DO) which closed on September 21, 2023.

American Battery Solutions, Inc.’s ESS Division Completes Spin-Out, Establishes American Energy Storage Innovations, Inc.

Retrieved on: 
Monday, September 11, 2023

BOSTON and DETROIT, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Today, just ahead of the RE+ exhibition, American Battery Solutions, Inc. (ABS) is pleased to announce the spin-out of its Energy Storage Solutions Division (ABS-ESS) to create a new company: American Energy Storage Innovations, Inc. (AESI).

Key Points: 
  • BOSTON and DETROIT, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Today, just ahead of the RE+ exhibition, American Battery Solutions, Inc. (ABS) is pleased to announce the spin-out of its Energy Storage Solutions Division (ABS-ESS) to create a new company: American Energy Storage Innovations, Inc. (AESI).
  • This strategic move represents a significant milestone in the evolution of energy storage technology and underscores ABS’ commitment to driving innovation within the industry.
  • With an unwavering commitment to revolutionizing energy storage, AESI is poised to take center stage in the global energy transition and is set to redefine the future of energy storage technology.
  • "We are thrilled to embark on this new journey as American Energy Storage Innovations," said Collins, CEO of AESI.

American Battery Solutions, Inc. spins out ESS division

Retrieved on: 
Monday, September 11, 2023

LAKE ORION, Mich., Sept. 11, 2023 /PRNewswire/ -- American Battery Solutions (ABS) announced today the spinout of its Energy Storage Solutions Division to create a new, independent company: American Energy Storage Innovations, Inc. (AESI). This strategic move represents a significant milestone in the evolution of the ABS business and underscores the commitment of ABS to driving innovation within the industry.

Key Points: 
  • The move enables strategic growth of ABS' Mobility and ESS businesses with better alignment to market.
  • LAKE ORION, Mich., Sept. 11, 2023 /PRNewswire/ -- American Battery Solutions (ABS) announced today the spinout of its Energy Storage Solutions Division to create a new, independent company: American Energy Storage Innovations, Inc. (AESI).
  • This strategic move represents a significant milestone in the evolution of the ABS business and underscores the commitment of ABS to driving innovation within the industry.
  • ABS will be exhibiting their line of low voltage Alliance Intelligent Battery Series ™ and high voltage Proliance Intelligent Battery Series ™ energy storage systems at The Battery Show 2023 in Novi, Michigan from September 12 – 14 (Booth #2105).