Advanced Emissions Solutions completed the acquisition of a 47.4% stake in Arq for $10m.

Advanced Emissions Solutions, a emissions control solutions company, completed the acquisition of a 47.4% stake in Arq, a renewable energy company, for $10m. “We are pleased to announce the completion of the acquisition of all of the subsidiaries of Arq. As a result of changing macroeconomic conditions, the Board and management team of ADES reopened discussions with the leaders of Arq and have revised the terms of the proposed transaction. As a result, the parties have mutually agreed upon a new deal structure that both parties believe are conducive to long-term value creation and sustainability for the combined company. All parties look forward to collaboratively forging the future for ADES and our shareholders," Greg Marken, ADES CEO.