Acquired Additional Environmental Services Revenue Contracts to Expand to Multiple States Beyond Its Current Central Indiana Operations
RMC Environmental Services Provides 2025 Revenue Guidance of Greater Than $3.0 Million, Representing Greater Than 300% Growth Year-over-year
FISHERS, INDIANA - January 28, 2025 (NEWMEDIAWIRE) - Royalty Management Holding Corporation (Nasdaq: RMCO) (“Royalty Management” or the “Company”), an innovative royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries, is pleased to announce the acquisition of an existing environmental management and remediation book of business operating in Indiana and Kentucky. Through this acquisition, which will be consolidated within and managed by the Company’s existing environmental management business, RMC Environmental Services LLC, the Company has purchased an existing contract services book of business that manages personnel serving various companies with their environmental remediation, reclamation, and support services. With profit margins in excess of 10.0% on initial estimated revenues of over $3.0 million per year, the Company plans to expand this business within the current geographical footprint of Kentucky and southern Indiana, which expands its operating footprint currently located in central Indiana.
Concurrently with this acquisition, the Company is announcing revenue guidance for its wholly owned environmental management services division, RMC Environmental Services LLC, at greater than $3.0 million for the calendar year 2025, equating to an estimated greater than 300% growth in that business of the Company.
Thomas Sauve, Chief Executive Officer of the Company, commented, “We applaud the hard work of our team and relationships to continually progress the business forward in a non-dilutive manner. Our RMC Environmental Services business line had a great 2024, with that operating division alone covering about all of the operating costs of the parent company, Royalty Management Holding Corp. As a result of expanding our contracts and revenues for this business line, we are also announcing that we are expecting the revenues from this operating division alone (RMC Environmental Services) to exceed approximately $3 million for the full year 2025. We are hopeful that we can work to continue to grow the business beyond 2025 in a meaningful way through organic growth within this newly acquired book of business, and through additional customers. With the expanded revenues also comes with anticipated expanded profitability in 2025, which will be used to provide capital for current and new portfolio investments, continue our stock repurchase program, and other activities that result in the creation of shareholder value. We also continue to evaluate multiple investment opportunities in the data center sector, agriculture sector and environmental services.”
Royalty Management utilizes a low overhead model to drive cash flow growth of its businesses and holdings by investing in high value assets and cash flow streams from a diverse portfolio of assets. The Company’s management team and investor base are highly aligned with shareholders that are motivated by the equity value versus standard salaries and cash compensation plans.
About Royalty Management Holding Corporation
Royalty Management Holding Corporation (NASDAQ: RMCO) is a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high value assets in a variety of market environments. The model is to acquire and structure cashflow streams around assets that can support the communities by monetizing the current existing cash flow streams while identifying transitionary cash flow from the assets for the future.
For more information visit www.royaltymgmtcorp.com.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those that will be set forth in the “Risk Factors” section of the Company’s registration statement and proxy statement/prospectus to be filed with the SEC. Copies will be available on the SEC’s website, www.sec.gov. The information contained in this release is as of the date first set forth above. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Thomas Sauve
Chief Executive Officer
www.royaltymgmtcorp.com
(646) 245-2465
SOURCE: Royalty Management Holding Corporation
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