Denver, CO – January 6, 2020 /PRNewswire/ – Expedition Water Solutions Colorado LLC (“Expedition”) is pleased to announce its continued growth with the acquisition of water infrastructure assets from an undisclosed seller that strategically expand Expedition’s position in the Denver-Julesburg Basin (“DJ Basin”). The transaction included two saltwater disposal facilities (the “Facilities”), which collectively offer more than 25,000 Bbls / day of permitted capacity in the core Wattenberg area of the DJ Basin. The Facilities provide incremental capacity at valuable locations for Expedition’s new and existing long-term, contracted customers.
“This acquisition further solidifies Expedition’s strategic position in the DJ Basin and the Wattenberg core. We are delighted to add incremental capacity at strategic locations for new and existing long-term, contracted customers.” – Zachary Neal, Chief Commercial Officer & CFO
“We are very happy to welcome the Facilities and their employees into the Expedition family. We look forward to integrating these new facilities and employees into our company so that we can provide best-in-class service to our customers.” – Jim Goddard, President & Founder
About Expedition Water Solutions
Expedition Water Solutions is a high-growth, acquisitive, private equity-backed water midstream company with principal operations in the Denver-Julesburg Basin of Colorado and the Powder River Basin of Wyoming. Expedition is led by Jim Goddard, President and Founder, and Zach Neal, Chief Commercial Officer and CFO. Founded in 2013, Expedition has demonstrated consistent growth since inception and has grown to become a water midstream leader in its markets.
About Platform Partners LLC
Founded in 2006, Platform Partners LLC is a private investment company based in Houston that makes investments in lower middle-market companies with the intent of growing these businesses into industry leaders through a combination of organic and acquisition growth. Platform invests through a perpetual holding company structure allowing for a long-term, patient approach to partnering with entrepreneurs to build companies. For more information, please visit www.platformllc.com.