Rainmaker Worldwide Inc. has developed two cost-effective, mobile and scalable Water-as-a-Service (WaaS) systems using proprietary technology to extract fresh drinking water from the atmosphere or from salt and contaminated water using renewable energy sources. This 21st century flexible approach addresses humanity’s water disparity challenges with sustainable solutions in a variety of complex scenarios.
Rainmaker Worldwide Inc. (OTC Pink: RAKR) announced the appointment of Webbs Hill Partners and its Managing Partner, former GE Chief Investment Officer Aris Kekedjian as Strategic Advisor effective January 22, 2020.
“I am very excited to work with Aris to drive shareholder value and build state of the art WaaS systems to meet the ever-increasing worldwide demand for potable water”, says Michael Skinner, Rainmaker CEO.
“My goal is to launch Rainmaker as a global water company by identifying strategic partners, distribution channels and transactions to commercialize Rainmaker’s unique capabilities”, said Kekedjian. “Aris’s leadership experience across multiple relevant industries, global networks and M&A track record in water, renewable energy, and distributed power sectors makes him a perfect partner to help fulfill the Rainmaker vision and scale our business”, said Michael O’Connor, Rainmaker Executive Chairman.
Mr. Kekedjian’s expertise spans 30 years with General Electric Company where he most recently served as Chief Investment Officer. He has extensive experience building and operating international platforms across Europe and the Middle East and has executed M&A transactions with a combined value of over $300B. These include the $30B merger between GE Oil & Gas and Baker Hughes, one of the most comprehensive restructurings in the financial services industry.
Kekedjian has led acquisitions in disruptive technologies in the Industrial Internet of Things (IIoT), 3D printing and life sciences. Specifically, Kekedjian recently orchestrated the $1.65B acquisition of LM Wind Power, the $3.25B sale of GE Distributed Power and the $3.4B acquisition of GE Water and Process Technologies by Suez Environment and Caisse de Dépôt et Placement du Québec (CDPQ).