Pennybacker Furthers Infrastructure Investments with Acquisition of Miami LNG
Cheniere(LNG) Prnewswire·2024-07-09 21:00
AUSTIN, Texas, July 9, 2024 /PRNewswire/ -- Pennybacker Capital Management, LLC (Pennybacker), a leading real assets investment manager, has entered into a definitive agreement to acquire a small-scale LNG business (Miami Facility) based in Miami, Florida, from New Fortress Energy Inc. (Nasdaq: NFE). Financial terms were not disclosed. The transaction is expected to close in the third quarter of 2024 subject to customary terms and conditions.The Miami-based business includes a small-scale liquefaction facil ...