Heckmann (HEK) Acquires Consolidated Petroleum

Heckmann Corporation (NYSE: HEK) has acquired Consolidated Petroleum, Inc.

Financial terms of the deal were not disclosed.

Assets acquired through the transaction include approximately 180 miles of portable poly and aluminum pipe that is used above ground for pumping and transporting water from streams, ponds and special holding areas, including the Company’s frac tanks, to hydraulic fracturing wells. The acquired CPI assets will add further service capabilities to the Company’s PVC fresh water pipeline currently under construction in the Haynesville Shale area. Other assets acquired include pumps, trucks, flatbed trailers, frac tank connections and real property. HWR will retain approximately 80 CPI employees.

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