Pennybacker Acquires Miami LNG, Appoints New Leader for Growth Push
(P&GJ) — Pennybacker Capital Management has completed its acquisition of a small-scale liquefied natural gas (LNG) business in Miami from New Fortress Energy.
The facility, which produces up to 8,300 MMBtu of LNG daily, serves sectors such as hospitality, transportation, aerospace, and marine bunkering across Florida and the Caribbean.
The acquisition aims to boost LNG distribution efficiency through truck and rail logistics, offering cost advantages over diesel fuel.
Daniel McLaughlin, with over a decade of energy sector experience, has been appointed President and Chief Commercial Officer. "The Miami LNG business is critical for supporting the energy transition in underserved markets," McLaughlin said, expressing confidence in the operation's growth potential under Pennybacker’s leadership.
Sam Warfield, Managing Director at Pennybacker, emphasized their commitment to expanding sustainable LNG solutions for both current and future customers in the U.S. and Caribbean markets.
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