AquaBounty Engages Colliers for Ohio Property as Part of Strategic Review
News related to:AquaBounty Technologies, Inc · 1 min read
AquaBounty Technologies, Inc. has announced a strategic move to engage Colliers as its exclusive real estate agent for its Pioneer, Ohio property. This decision comes as part of the company’s ongoing evaluation of strategic alternatives aimed at maximizing shareholder value.
According to David Frank, the Interim Chief Executive Officer of AquaBounty, the engagement of Colliers is expected to leverage the firm’s deep expertise in the industrial sector. Colliers will work to generate broad exposure through proven marketing channels and deploy targeted, creative outreach to the most relevant audience of active developers, users, and decision-makers.
The Pioneer campus in Ohio is a unique asset for AquaBounty, boasting infrastructure that includes access to an existing electrical substation with approximately 50 megawatts of available capacity, competitively priced electricity, and a permit to withdraw 5.25 million gallons per day (gpd) of groundwater from a high-capacity underground aquifer. Management believes this property could be attractive to participants in power generation, energy-intensive industrial applications, and data center infrastructure.
While AquaBounty is exploring various opportunities, the company notes that there can be no assurance that the strategic review process will result in any transaction or that any transaction, if pursued, will be completed on specific terms or within any particular timeframe. The company will continue to engage in discussions with aquaculture companies in concert with its outreach to industrial players.
AquaBounty Technologies, Inc. has historically focused on enhancing productivity and sustainability in aquaculture through innovative technologies. The company’s strategic review process is part of its ongoing efforts to explore new avenues for growth and value creation.
The forward-looking statements in the press release indicate that the company’s ability to identify and negotiate acceptable transactions, market conditions, regulatory approvals, and financing availability will be key factors in the outcome of the strategic review process.