Vivakor Board Approves Closing of $120 Million Acquisition of Endeavor Entities
Vivakor Board Approves Closing of $120 Million Acquisition of Endeavor Entities
For the Six Months Ended June 30, 2024, the Endeavor Entities Realized Revenues of $47.3 Million, with $9.3 Million EBITDA
截至2024年6月30日爲止的六個月,Endeavor Entities實現了4730萬美元的營業收入,其中EBITDA爲930萬美元
DALLAS, TX / ACCESSWIRE / September 24, 2024 / Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation services, announced today that its Board of Directors approved the closing of its planned acquisition of Endeavor Crude, LLC, Meridian Equipment Leasing, LLC, Equipment Transport, LLC, and Silver Fuels Processing, LLC, and their subsidiaries (collectively, the "Endeavor Entities") as previously announced. The closing will be effective on October 1, 2024.
達拉斯,德克薩斯州/ACCESSWIRE/2024年9月24日/Vivakor,Inc.(NASDAQ:VIVK)("Vivakor"或"公司"),是一家集成能源運輸,儲存,再利用和 remediation 服務的提供商,今天宣佈公司的董事會批准了收購Endeavor Crude,LLC,Meridian Equipment Leasing,LLC,Equipment Transport,LLC和Silver Fuels Processing,LLC及其附屬公司(集體稱爲"Endeavor Entities")的計劃的交易結束時間將於2024年10月1日生效。
The Endeavor Entities comprise a fully-integrated, flexible and scalable midstream logistics business that transports, stores, treats, remediates, and sells crude oil, produced water, and associated hydrocarbons. They own and operate one of the largest combined oilfield trucking fleets in the continental United States transporting crude oil, petroleum products, and produced water, which is fully integrated with a network of station, terminal, and pipeline facilities for blending, processing, reuse and remediation. In addition, the Endeavor Entities have a series of long-term strategic partnerships with customers in the Permian Basin, Eagle Ford Basin, and STACK play of Oklahoma.
Endeavor Entities包括一家完全集成,靈活可擴展的中游物流業務,運輸,儲存,處理, remediation,和出售原油,產水和相關碳氫化合物。它們擁有並運營着美國大陸最大的聯合油田運輸車隊之一,運輸原油,石油製品和產水,與一張站點,終端和管道設施網絡完全整合,用於混合,加工,再利用和 remediation。此外,Endeavor Entities與Permian Basin,Eagle Ford Basin和俄克拉荷馬州的 STACk play 中的客戶有一系列長期戰略合作關係。
For the six months ended June 30, 2024, the Endeavor Entities realized revenues of $47.3 million and $9.3 million of earnings before interest, taxes, depreciation, and amortization ("EBITDA"), yielding an annualized projection of $94.6 million in revenue and $18.6 million of EBITDA for the Endeavor Entities.
截至2024年6月30日的六個月,Endeavor Entities實現了4730萬美元的營業收入和930萬美元的利潤利息,稅項,折舊和攤銷("EBITDA"),爲Endeavor Entities的年預測收入爲9460萬美元,EBITDA爲1860萬美元。
"The acquisition of the Endeavor Entities is a significant milestone for Vivakor," said James Ballengee, Chairman, President, & CEO. "They strategically integrate with our existing Colorado City, Texas and Delhi, Louisiana, facilities, provide an immediate platform for our company to expand, and unlock additional opportunities and revenues for the Company."
"收購Endeavor Entities是Vivakor的一個重要里程碑,"說道James Ballengee,董事長,總裁兼首席執行官。"它們與我們現有的科羅拉多城,德克薩斯州和路易斯安那州的德里設施緊密整合,爲我們的公司提供了一個立即擴展的平台,併爲公司解鎖了更多機會和收入。"
The purchase price for the Endeavor Entities is $120 million, subject to standard post-closing adjustments, including assumed debt, and an earn-out adjustment, payable by the Company in a combination of Company common stock and Series A Convertible Preferred Stock.
Endeavor Entities的收購價格爲12000萬美元,視爲標準的交易結束後調整,包括已承擔的債務和賺取調整,由公司以公司普通股和A系列可轉換優先股的組合支付。
Ballengee continued, "Vivakor now owns and operates one of the largest combined fleets of oilfield trucking services in the continental United States. Our focus on flexible and scaleable crude oil and produced water logistics solutions that are fully integrated with our network of station, terminal, and pipeline facilities providing blending, reuse, and remediation services will provide us with a key competitive advantage."
Ballengee繼續說道,"Vivakor現在擁有並運營着美國大陸最大的石油田卡車服務聯合艦隊之一。我們專注於靈活且可擴展的wti原油和產水物流解決方案,與我們的站點、終端和管道設施完全集成,提供混合、再利用和治理服務,將爲我們帶來關鍵的競爭優勢。"
About Vivakor, Inc.
關於Vivakor公司:
Vivakor, Inc. (NASDAQ:VIVK), is is an integrated provider of energy transportation, storage, reuse, and remediation services. Vivakor's corporate mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Its Delhi, Louisiana, and Colorado City, Texas facilities provide crude oil gathering, storage, transportation, reuse, and remediation services under long-term contracts.
Vivakor, Inc. (納斯達克: VIVK) 是一家能源運輸、儲存、再利用和治理服務整合提供商。Vivakor的企業使命是在能源領域開發、獲取、積累和運營資產、產權和技術。其分別位於路易斯安那州德里和得克薩斯州科羅拉多城的設施提供長期合同下的wti原油採集、存儲、運輸、再利用和治理服務。
Vivakor's oilfield waste remediation facilities, currently under construction, will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products.
Vivakor目前正在建造的油田廢物治理設施將有助於恢復、再利用和處理石油副產品和油田廢物產品。
For more information, please visit our website:
欲了解更多信息,請訪問我們的網站:
Cautionary Statement Regarding Forward-Looking Statements
關於前瞻性聲明的警示聲明
This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, the expected transaction and ownership structure, the valuation of the transaction, the likelihood and ability of the parties to successfully and timely consummate planned acquisitions, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the such transaction, our ability to maintain the listing of our securities on The Nasdaq Capital Market, the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions.
這則新聞稿可能包含根據1995年《私人證券訴訟改革法》安全港條款的前瞻性聲明。這類前瞻性聲明基於我們管理層目前的信念和期望,並在很大程度上受到重大的業務、經濟和競爭性的不確定性和事件的影響,其中許多是難以預測並且通常不在我們的控制範圍之內。實際結果和事件的發生時間可能與這些前瞻性聲明中預期的結果有實質性差異。前瞻性聲明可能通過使用"預期"、"期望"、"打算"、"計劃"、"應該"、"可能"、"將"、"願意"、"相信"、"估計"、"潛力"或"繼續"等詞語來識別,但不限於此類詞彙。由於各種因素和不確定性,我們的實際結果可能與任何前瞻性聲明中表達的結果有實質性和不利差異,包括但不限於:預期的交易和所有權結構、交易估值、各方成功和及時完成計劃收購的可能性和能力、任何必需的監管批准未能獲得、延遲或受到可能對Vivakor或該等交易帶來的預期好處不利影響的意外條件,我們能否維持我們的證券在納斯達克資本市場上的上市地位、各方未能實現待定交易的預期好處、全球貨幣、資本和信貸市場的混亂和波動、聯邦、地方和外國政府監管的變化、稅法和責任的變化、關稅、法律、監管、政治和經濟風險、成功開發產品的能力、市場迅速變化、對我們未來產品需求的變化以及一般經濟狀況。
These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor's filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor and the Endeavor Entities or the date of such information in the case of information from persons other than Vivakor and the Endeavor Entities, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding the Endeavor Entities industries and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part.
這些風險和不確定性包括但不限於 Vivakor 在美國證券交易委員會備案的文件中討論的風險和不確定性,這些因素可以被引用並納入此處。在做任何金融決策之前,讀者應該先認真閱讀公司在美國證券交易委員會的備案文件,這些風險和不確定性也適用於此。由於各種可能發生的因素在未來是無法預知的,您被告知不得將任何前瞻性陳述作爲對未來業績的預測指標,因爲這些預期的財務、銷售和經營績效取決於預估和假設的複雜因素的不斷變化,其中大量因素超出了我們的控制。本新聞稿所載的所有信息僅限於 Vivakor 和 Endeavor Entities 的相關信息,並且維卡公司聲明無意或無義務更新任何前瞻性陳述,因爲這些前瞻性陳述是基於推測金融信息和其他信息的預測和假設,這些預測和假設天然地面臨各種重要的風險、不確定性和其他因素,很多因素超出了我們的控制範圍。
Investor Contact:
Phone: (949) 281-2606
info@vivakor.com
投資者聯繫人:
電話:(949)281-2606
電子郵件:info@vivakor.com
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SOURCE: Vivakor, Inc.
信息來源:Vivakor, Inc.
譯文內容由第三人軟體翻譯。