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Barnwell Industries, Inc. Enters into a Non-Binding Letter of Intent for the Sale of Water Resources International, Inc.
Mar 05, 2025•over 1 year ago
Contract Type
partnership
Description
Barnwell Industries, Inc. has announced its entrance into a non-binding letter of intent for the sale of its water well drilling subsidiary, Water Resources International, Inc., with an expected aggregate value of $1,050,000. The CEO, Mr. Craig D
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months