UGI Energy Services, has acquired GHI Energy (GHI), a Houston-based renewable natural gas company.
GHI is a leading renewable natural gas (RNG) marketer in California, a state with one of the most robust carbon credit trading programmes in the US.
GHI is primarily focused on providing vehicle fleets with RNG by coordinating supply from a portfolio of sources across the country.
UGI Energy Services said its expertise in energy commodity marketing and its strong customer base will provide a platform for expanding GHI’s marketing, supply & logistics and project expertise into other parts of the country.
Additionally, the investment in GHI reinforces the company’s existing greenhouse gas emission reduction strategies highlighted in UGI’s recently published environmental, social and governance report titled Today’s Energy, Tomorrow’s World, it said.
John Greene, co-founder of GHI, commented: “This transaction represents a major strategic opportunity that provides us with incredible resources from an industry-leading energy marketing brand to both grow the company and continue to enhance the excellent customer service that we are known for, both to our existing customer base in California and to future customers in other regions.”
“For over 140 years, UGI has focused on providing safe, reliable service to its customers and to the many communities it serves,” said Robert F. Beard, UGI’s executive vice president – natural gas. “Adding GHI to our portfolio allows UGI the opportunity to continue growing in an environmentally responsible way, as well as enhance and expand our commitment to offer energy solutions that are innovative, efficient and beneficial to the environment,” Beard concluded.
UGI Energy Services acquires Houston-based RNG firm
