Voltagrid Announces The Acquisition Of Pilot’S Cng Virtual Pipeline Assets And Closes New Revolving Credit Facility
Acquiring Company
VoltaGrid LLC
Acquired Company
CNG Pipeline Assets
HoustonEnergySustainabilityNatural ResourcesDescription
VoltaGrid LLC (“VoltaGrid” and “Company”) and Pilot Company (“Pilot”) entered into and closed a definitive agreement for VoltaGrid to acquire substantially all assets of Pilot’s CNG compression, CNG virtual pipeline and CNG logistics platform (the “Acquisition”). Through the Acquisition, VoltaGrid will become the largest vertically integrated portable power generation and clean fuels platform in North America. The combined platform will provide a reliable and cost-effective solution to advance electric completions, remote mining decarbonization, utility grid reinforcements and hydrogen blending partnerships. The Company expects to significantly increase its footprint across the USA by developing a low carbon fuels network to decarbonize key oil & gas basins, active industrial regions, carbon intensive mining operations and the transportation market.
Quick answer
VoltaGrid LLC is acquiring CNG Pipeline Assets, announced December 9, 2022. VoltaGrid LLC is based in Houston, Texas, United States.
- How much did VoltaGrid LLC pay for CNG Pipeline Assets?
- The deal value was not disclosed.
- What does VoltaGrid LLC do?
- “By capitalizing on our proven technology, we will continue to provide pressure pumping companies a more efficient electrification solution to deliver improved ESG performance for operators.” “Longbow continues to be a..
- Where are VoltaGrid LLC and CNG Pipeline Assets based?
- VoltaGrid LLC is based in Houston, Texas, United States.
- Who are the decision-makers at VoltaGrid LLC?
- Fundz holds 2 contacts at VoltaGrid LLC. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired CNG Pipeline Assets?
CNG Pipeline Assets was acquired by VoltaGrid LLC, based in Houston. The deal was reported on December 9, 2022. VoltaGrid LLC is privately held and operates in Energy.
When did VoltaGrid LLC acquire CNG Pipeline Assets?
VoltaGrid LLC's acquisition of CNG Pipeline Assets was reported on December 9, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does CNG Pipeline Assets do?
CNG Pipeline Assets is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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