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October 2006

 

CCS Income Trust acquires ARKLA Disposal Services of Louisiana

CCS Income Trust (CCS) has completed the acquisition of ARKLA Disposal Services Inc. and its affiliated companies (ARKLA). ARKLA is an industrial waste water treatment plant operating in the Port of Shreveport, Louisiana.

CCS acquired all of the outstanding shares of ARKLA for approximately CDN$11.7 million (approximately $10.5 million US). In addition to the purchase price, ARKLA has CDN$7.0 million of long term debt and will pay CDN$0.7 million in retention bonuses to key employees over the next two years.

“The successful acquisition of ARKLA is tangible evidence of our plan to extend the CCS service model to the U.S.,” said David Werklund, CCS’s president and CEO. “ARKLA opens up new markets for CCS in northern Louisiana and Arkansas and provides opportunities for expansion in these markets and other adjacent geographic areas.”

The ARKLA facility generated un-audited revenues totaling about $4 million Canadian during the first six months of 2006.


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