Aquatech acquires shale water treatment firm

Posted May 13, 2013

Paul J. Gough
Pittsburgh Business Times

Aquatech has acquired Fluid Recovery Services, which treats water in the Marcellus and Utica shale plays.

Canonsburg-based Aquatech International Corp. has acquired Fluid Recovery Services, a Creekside-based water management company.

Financial terms of the deal weren't announced.

Fluid Recovery Services was the product of the merger of Pennsylvania Brine Treatment and Hart Resource Technologies, which have served the Pennsylvania oil and gas industry for about 25 years. The companies serve the Marcellus and Utica shale industries now in Franklin, Creekside, Josephine, Rouseville and Tioga.

"Aquatech's goal is to be the leader in oil and gas water management. The acquisition of FRS represents significant progress towards achieving our vision. We will continue to aggressively develop facilities with innovative technology and service solutions to meet the growing needs of our customers," Venkee Sharma, president and CEO of Aquatech, said in a prepared statement. "The FRS network is built on a strong base and will evolve quickly by using cutting-edge, proven and environmentally responsible technologies."

A news release announcing the acquisition said Aquatech would be investing capital and technology into FRS.