Advanced Emissions Solutions acquired ADA Carbon Solutions for $75m.

Advanced Emissions Solutions, a leader in emissions control solutions for coal-fired power generation and industrial markets, acquired ADA Carbon Solutions, a private company and a leading producer of Powdered Activated Carbon solutions, for $75m. L. Heath Sampson, President and CEO of Advanced Emissions Solutions, commented, "Our past execution related to growing refined coal, navigating tax reform, the return of capital to shareholders and focused corporate restructuring has provided the opportunity to complete the exciting acquisition. Pairing Carbon Solutions' recurring revenue base with our expected future Refined Coal cash flows provides a platform of growth for both segments of our business. Our unwavering commitment to growing our Refined Coal business will continue. Tax reform and IRS clarity have prompted many large institutions to come back to the refined coal market, and Tinuum has line of sight to contract an additional 12 million annual tons of refined coal with both existing and new tax equity investors."