Pennybacker Closes Acquisition of Miami LNG Business, Appoints Daniel McLaughlin President and Chief Commercial Officer to Lead Miami LNG
Pennybacker Capital Management has completed the acquisition of the Miami LNG business from New Fortress Energy (NFE).
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Rhea-AI Summary
Pennybacker Capital Management has completed the acquisition of the Miami LNG business from New Fortress Energy (NFE). The facility features one liquefaction train producing up to 8,300 MMBtu per day of LNG, serving hospitality, industrial, transportation, aerospace, and marine bunkering sectors in Florida and the Caribbean. The business offers 15-40% cost advantages over traditional fuels.
Daniel McLaughlin has been appointed as President and Chief Commercial Officer to lead the Miami LNG business, bringing over 10 years of energy sector experience. The acquisition aims to support energy transition in underserved markets and expand LNG solutions across the Southeast and Caribbean regions.
Positive
- Facility produces 8,300 MMBtu per day of LNG
- Offers 15-40% cost advantage over traditional fuels
- Strategic location serving multiple sectors across Florida and Caribbean
- Optimized for truck and rail logistics enabling efficient distribution
Negative
- None.
Details
News Market Reaction – NFE
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AI-generated analysis. How Rhea-AI works. Not financial advice.
The Miami LNG business is a strategically located small-scale liquefaction operation, equipped with one liquefaction train that produces up to approximately 8,300 MMBtu per day of LNG, optimized for truck and rail logistics to enable efficient and flexible distribution for its customers. The Miami LNG business serves the hospitality, industrial, transportation, aerospace, and marine bunkering sectors principally in
In connection with the acquisition, Pennybacker has appointed Daniel McLaughlin as President and Chief Commercial Officer to lead the Miami LNG business. McLaughlin has more than 10 years of experience in the energy sector.
"The Miami LNG business is critical for supporting the energy transition in underserved markets. I am honored to be leading this business, which is poised for significant growth with the support of Pennybacker as a capital and strategic partner," McLaughlin said. "The Miami LNG business is uniquely positioned to deliver innovative energy solutions to our customers across the Southeast and the
Sam Warfield, Managing Director and Head of Critical Infrastructure at Pennybacker, added: "Through our ownership, and working with Daniel and his team, we look forward to serving existing
About Pennybacker Capital Management, LLC
Pennybacker Capital Management, LLC (Pennybacker) is a real assets investment manager based in
Contact for Pennybacker
investorrelations@pennybackercap.com
Contact for Miami LNG
View original content:https://www.prnewswire.com/news-releases/pennybacker-closes-acquisition-of-miami-lng-business-appoints-daniel-mclaughlin-president-and-chief-commercial-officer-to-lead-miami-lng-302313469.html
SOURCE Pennybacker Capital Management, LLC
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