American Natural Gas (ANG), a distributor of alternative motor fuels based in Saratoga Springs NY, has made two business acquisitions in the U.S. market that adds 18 Compressed Natural Gas (CNG) fueling stations to its portfolio, lifting its total stations in operational or construction phase to approximately 40 in 13 states. Acquired companies are Questar Fueling Company (Questar Fueling), a subsidiary of Questar Corporation and Constellation CNG, LLC, formerly a subsidiary of Constellation.
Eleven high-speed, high-volume compressed natural gas (CNG) fueling stations in Arizona, Kansas, Texas, Utah, California, and Colorado were purchased from Questar. Seven CNG fueling stations in Indiana and Ohio were purchased from Constellation. The latter acquisition also includes a parcel of land for the development of an eighth CNG station, in Dunmore, Pennsylvania. Financial terms were not disclosed.
ANG began with the acquisition by parent company HC2’s purchase of two CNG stations in 2014. “Our customer’s needs are driving our expansion,” said Drew West, Chief Executive Officer of ANG. “With 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.”
Mr. West continued, “Today is a milestone for ANG as we become a truly national company. Our passion for growth results from our belief that CNG can make a serious difference for fleets in all corners of America.”
Anchor tenants of the newly acquired Questar stations include some of the nation’s largest fleets such as Anheuser-Busch, Frito-Lay, Swift Transportation, Central Freight Lines, and many others. 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.
Through the Questar 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.
Over the next few months, ANG will be introducing technology and equipment upgrades to the Constellation stations so customers can anticipate a smooth, reliable and improved fueling experience.
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.
ANG says that, according to calculations by the US Environmental Protection Agency, switching vehicles from gasoline to CNG can reduce carbon monoxide emission by 90-97 percent, carbon dioxide emission by 25 percent, nitrogen oxide emissions by 35-60 percent, and lessen toxic and carcinogenic pollutants. Overall costs to operate heavy-duty trucks on CNG are significantly less than running the same trucks on gasoline or diesel fuel.
American Natural Gas is a member of NGVAmerica and associate member of NGV Global.
(Source: ANG)
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