EX-99.1
4
a13-14049_1ex99d1.htm
EX-99.1
Exhibit 99.1
Energy
Solutions
and Energy Capital Partners Announce
Closing of Merger
Salt Lake City, Utah - May 24, 2013
- Energy
Solutions
, Inc. (NYSE - ES) and affiliates of Energy Capital Partners II, LLC ("Energy Capital Partners") announced today the closing of their merger effective May 24, 2013.
In connection with the closing of the merger, Energy
Solutions
has notified the New York Stock Exchange (the "NYSE") of its intent to withdraw its common stock from listing on the NYSE. Energy
Solutions
has not arranged for listing and/or registration on another national securities exchange or for quotation of its common stock in a quotation medium.
EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.
Energy Capital Partners is a private equity firm with offices in Short Hills, New Jersey and San Diego, California. Energy Capital Partners has over $8 billion of capital commitments under management and is focused on investing in the power generation, electric transmission, midstream gas, renewable energy, oil field services and environmental services sectors of North America's energy infrastructure. The fund's management has substantial experience leading successful energy companies and energy infrastructure investments. For more information, visit www.ecpartners.com.
Forward-Looking Statements
This communication, and all statements made regarding the subject matter of this communication, contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the current expectations and beliefs of Energy
Solutions
and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. Any statements that are not statements of historical fact (such as statements containing the words "believes", "plans", "anticipates", "expects", "estimates" and similar expressions) should be considered forward-looking statements. Among others, the following risks, uncertainties and other factors could cause actual results to differ from those set forth in the forward-looking statements: (i) risks related to the diversion of management's attention from Energy
Solutions
' ongoing business operations; (ii) the effect of the announcement of the acquisition on Energy
Solutions
' business relationships (including, without limitation, partners and customers), operating results and business generally as well as the potential difficulties in employee retention as a result of the Merger; (iii) risks related to the
outcome of any legal proceedings that have been, or will be, instituted against Energy
Solutions
related to the Merger Agreement; and (iv) risks related to the effects of local and national economic, credit and capital market conditions on the economy in general. Additional risk factors that may affect future results are contained in Energy
Solutions
' filings with the Securities and Exchange Commission (the "SEC"), which are available at the SEC's website http://www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by Energy
Solutions
. Energy
Solutions
and Energy Capital Partners expressly disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change of expectations with regard thereto or to reflect any change in events, conditions or circumstances.
Contact Information
Richard Putnam
Mark Walker
Investor Relations
Media Relations
801-303-0185
801-649-2194

EX - 99 . 1 4 a13 - 14049 _ 1ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 Energy Solutions and Energy Capital Partners Announce Closing of Merger Salt Lake City , Utah - May 24 , 2013 - Energy Solutions , Inc . ( NYSE - ES ) and affiliates of Energy Capital Partners II , LLC ( " Energy Capital Partners " ) announced today the closing of their merger effective May 24 , 2013 . In connection with the closing of the merger , Energy Solutions has notified the New York Stock Exchange ( the " NYSE " ) of its intent to withdraw its common stock from listing on the NYSE . Energy Solutions has not arranged for listing and / or registration on another national securities exchange or for quotation of its common stock in a quotation medium . EnergySolutions offers customers a full range of integrated services and solutions , including nuclear operations , characterization , decommissioning , decontamination , site closure , transportation , nuclear materials management , processing , recycling , and disposition of nuclear waste , and research and engineering services across the nuclear fuel cycle . Energy Capital Partners is a private equity firm with offices in Short Hills , New Jersey and San Diego , California . Energy Capital Partners has over $ 8 billion of capital commitments under management and is focused on investing in the power generation , electric transmission , midstream gas , renewable energy , oil field services and environmental services sectors of North America 's energy infrastructure . The fund 's management has substantial experience leading successful energy companies and energy infrastructure investments . For more information , visit www.ecpartners.com . Forward - Looking Statements This communication , and all statements made regarding the subject matter of this communication , contain statements that constitute forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 , Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 . These statements are based on the current expectations and beliefs of Energy Solutions and are subject to a number of risks , uncertainties and assumptions that could cause actual results to differ materially from those described in the forward - looking statements . Any statements that are not statements of historical fact ( such as statements containing the words " believes " , " plans " , " anticipates " , " expects " , " estimates " and similar expressions ) should be considered forward - looking statements . Among others , the following risks , uncertainties and other factors could cause actual results to differ from those set forth in the forward - looking statements : ( i ) risks related to the diversion of management 's attention from Energy Solutions ' ongoing business operations ; ( ii ) the effect of the announcement of the acquisition on Energy Solutions ' business relationships ( including , without limitation , partners and customers ) , operating results and business generally as well as the potential difficulties in employee retention as a result of the Merger ; ( iii ) risks related to the outcome of any legal proceedings that have been , or will be , instituted against Energy Solutions related to the Merger Agreement ; and ( iv ) risks related to the effects of local and national economic , credit and capital market conditions on the economy in general . Additional risk factors that may affect future results are contained in Energy Solutions ' filings with the Securities and Exchange Commission ( the " SEC " ) , which are available at the SEC 's website http://www.sec.gov . Because forward - looking statements involve risks and uncertainties , actual results and events may differ materially from results and events currently expected by Energy Solutions . Energy Solutions and Energy Capital Partners expressly disclaim any obligation or undertaking to update or revise any forward - looking statements contained herein to reflect any change of expectations with regard thereto or to reflect any change in events , conditions or circumstances . Contact Information Richard Putnam Mark Walker Investor Relations Media Relations 801 - 303 - 0185 801 - 649 - 2194