With two transactions announced on Dec. 20, American Natural Gas (ANG), a distributor of alternative motor fuels in Saratoga Springs, has acquired two companies that add 18 compressed natural gas fueling stations to the company.<\/p>\n
ANG is a portfolio company within HC2 Holdings. It has acquired Questar Fueling Co.\u00a0 a subsidiary of Questar Corp. including its 11 compressed natural gas fueling stations in Arizona, Kansas, Texas, Utah, California, and Colorado.<\/p>\n
It also acquired Constellation CNG LLC, formerly a subsidiary of Constellation, adding seven compressed natural gas fueling stations in Indiana and Ohio.<\/p>\n
Financial terms were not disclosed.<\/p>\n
As a result of the Questar Fueling Co.\u00a0 acquisition, ANG now owns and operates\u00a0 high-speed, high-volume Questar Fueling compressed natural gas stations in\u00a0 Phoenix, Topeka, Kans.; Kansas City, Kans.; De Soto, Texas; Dallas, Houston, San Antonio, Texas;\u00a0 West Valley City, Utah;\u00a0 Buttonwillow, Calif;\u00a0 Denver, and Fontana, Calif.<\/p>\n
With the Constellation CNG acquisition, it added stations in Fort Wayne, Greensburg, Indianapolis, Lafayette and Seymour, Ind., as well as Dayton and Findlay, Ohio.<\/p>\n
As a result of this acquisition and that of Constellation CNG LLC on Dec. 20, ANG now owns and operates approximately 40 fueling stations in 13 states, up from only two stations at the time of HC2\u2019s initial investment in ANG in August 2014.<\/p>\n
\u201cOur customer\u2019s needs are driving our expansion,\u201d said Drew West, CEO of ANG. \u201cWith a national footprint, ANG is situated better than ever to support fleets in broader, more extensive adoptions of CNG. With energy prices on the rise and sustainability efforts growing more critical, there has never been a more important time to invest in alternative fuels.\u201d<\/p>\n
\u201cThis strategic purchase aligns with our mission to grow our CNG network, extend the reach of alternative fuels, and deliver opportunity to fleets across the country,\u201d said West. \u201cWe look forward to welcoming new and existing users of these stations, while continuing the relationship with Constellation as our natural gas supplier and in marketing ANG\u2019s fueling programs to customers.\u201d<\/p>\n
Over the next few months, ANG will be introducing technology and equipment upgrades to these stations so customers can anticipate a smooth, reliable and improved fueling experience, said West. Service at all stations will continue uninterrupted throughout the ownership transition. ANG will oversee operations with state-of-the-art 24-hour monitoring platforms and an expert on-call maintenance team.<\/p>\n
Anchor tenants of the newly acquired stations include some of the nation\u2019s largest fleets, such as Anheuser-Busch, Frito-Lay, Swift Transportation, Central Freight Lines, and many others, the company said.<\/p>\n
Officials said the stations are designed for medium and heavy-duty vehicles, but are also open to other fleets and members of the general public who drive natural gas-powered vehicles. Each station has between four and seven fueling lanes and either three or four compressors, guaranteeing consistent capacity and fuel pressure.<\/p>\n
Through the transaction, ANG also acquired a new state-of-the-art mobile fueling station. The powerful, self-contained system can be mounted to a trailer and transported wherever a client needs for temporary fueling or backup redundancy, the company said.<\/p>\n
For more information about ANG, visit www.americannaturalgas.com.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
With two transactions announced on Dec. 20, American Natural Gas (ANG), a distributor of alternative motor fuels in Saratoga Springs, has acquired two companies that add 18 compressed natural gas fueling stations to the company. ANG is a portfolio company within HC2 Holdings. It has acquired Questar Fueling Co.\u00a0 a subsidiary of Questar Corp. including […]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-29141","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"\r\n