Aumento Capital IV Corporation, a capital pool company, has announced that it entered into a binding letter agreement dated April 11, 2014 with VeroLube Inc. pursuant to which Aumento will acquire all of the issued and outstanding shares of VeroLube Inc. in exchange for shares of Aumento on a one-for-one basis.

Just last month, VeroLube, through its wholly owned subsidiary VeroLube USA, Inc, announced the signing of a definitive agreement to acquire Thermo Fluids, Inc, a standalone subsidiary of Scottsdale, Arizona-based Nuverra Environmental Solutions, Inc., and the largest western used oil collector and the third-largest collector of used motor oil in the U.S. Thermo Fluids collects approximately 50 million gallons of used motor oil annually from a diverse base of more than 20,000 locations.

As a result of this agreement, VeroLube will become a wholly-owned subsidiary of Aumento and Aumento will continue on with the business of VeroLube, which will include the business of Thermo Fluids, Inc,. The resulting company is expected to be the largest producer of commercial fuel oil from recovered used motor oil in the Western United States, using VeroLube's patented and certified ReGen™ re-refining process to produce high yields of quality reprocessed fuel oil..