Rainmaker Worldwide Inc. (RAKR), a global leader in water solutions, has announced the addition of key resources to its global operations team on Tuesday.
Viva Industries, an investment company owned by entrepreneurs Michael Skinner, John Gillis and Ryan Moore, will acquire a controlling interest in the Canadian subsidiary of Rainmaker Worldwide Inc., and will re-name it Rainmaker Canada & Caribbean Inc. (“RCCI”). This acquisition will allow Rainmaker to focus on the growth of its global business while the Viva Industries team drives the growth of the Canadian and Caribbean markets.
As part of the transaction, Michael Skinner will assume the role of Chief Executive Officer of RCCI, John Gillis will be the Chief Technical Officer and Ryan Moore will take on the role of Chief Strategy Officer & VP Business Development. Skinner and Gillis were early investors in Rainmaker, and their expertise will greatly enhance the Company's capacity to provide innovative solutions to the water crisis.
“I have always been impressed with the needs that Rainmaker's Technology fulfills on a global scale," said Michael Skinner. “With the addition of the Miranda Technology, I believe Rainmaker is strategically positioned to be a global leader in solving the issue of providing safe drinking water and dealing with wastewater.”
RCCI will continue to sell Rainmaker's Air-to-Water Technology as well as other products and services provided for in the Joint Development Agreement between Rainmaker and Miranda Environmental and Water Treatment Technologies, Energy, Natural Resources, Engineering, Consulting, Construction and Commerce Inc. (“Miranda”) which remains in force. The full suite of products for the combined group now includes distributed solutions using Reverse Osmosis, Wastewater Treatment and Water Filtration Technology.
"We are excited to welcome Michael Skinner, John Gillis and Ryan Moore to the Rainmaker team. John Gillis, the 2020 Water Canada Business Person of the Year, will provide strategic engineering expertise to Rainmaker’s global operations. Their combined expertise and leadership will enable us to continue to provide innovative solutions for the water crisis and drive growth for the Company,” said Michael O'Connor, executive chairman of Rainmaker.
The transaction is expected to close by April 1. For more information, visit the website.