Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • ROOMS:

InvestorNewsBreaks – Houston Natural Resources Corp. (HNRC) Announces $10M Acquisition of Water Treatment Company

Houston Natural Resources (OTC: HNRC) has entered into an agreement to acquire additional wastewater treatment facilities; the strategic move aligns with the company’s focus on developing  a network of wastewater treatment facilities. According to the announcement, the acquisition, which should close this month, involves a water-well services and drilling company. The company has a recurring customer/service revenue of 68% with a projected recurring customer/service revenue of 80% looking forward. The seven-year-old company focuses in municipal, mining, industrial and agricultural water wells and pump systems with operations in the western region of the country; the company’s fleet includes both small and large drilling rigs, support equipment and three saltwater disposal units. HNRC notes that revenues and EBITDA for 2021 were approximately $7.2 million and $500,000 with 2022 numbers being projected at $8.5 million revenue and $1 million EBITDA and 2023 revenues and EBITDA estimated to be $11 million and $1.5 million respectively. The acquisition transaction will involve a combination of cash and securities.

To view the full press release, visit

About Houston Natural Resources Corp.

Houston Natural Resources is a diversified holding company with business operations and investments. The portfolio companies include investments in energy, information technology and healthcare. For more information about the company, please visit

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published:

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Copyright © 2010-2020 & California Media Partners, LLC. All rights reserved.