Stabilis Energy says it has closed its previously announced acquisition of the lion's share of Encana Natural Gas Inc.'s U.S.-based assets.
Encana Natural Gas focused mainly on the distribution of liquefied natural gas (LNG) fuel to high-horsepower end users, such as those in the heavy-duty trucking, rail and marine sectors. Stabilis Energy will be assuming that business line, as well as acquiring Encana Natural Gas' fleet of cryogenic rolling stock assets: storage and regasification trailers, mobile fueling units and other related equipment.
Terms of the transaction were not disclosed.
