ARM Energy Holdings Announces Sale of Minority Interest in ARM Energy Services, ARM Energy Mexico to Tokyo Gas
Summary
"Combining our existing business units with Tokyo Gas assets will create material synergies, while also providing us with an entry to marketing and trading of other products. With its strong asset base and global reach, Tokyo Gas stands at the forefront among organizations creating a stronger, more dynamic energy future, and we are thrilled to partner with them to create more value together through ARM Energy Trading. ""Through ARMs extensive customer relationships and strong capabilities in natural gas procurement and sales, the Company has established itself as a leader in its industry, and we are pleased to acquire an interest in ARM Energy Trading," said Akira Inukai, CEO of Tokyo Gas America. Greenhill & Co. (Mizuho M&A) served as financial advisor, and White & Case LLP acted as legal advisors to Tokyo Gas America for this transaction.About ARM Energy Holdings, LLCHeadquartered in Houston, with offices in Calgary, Denver, Los Angeles and Nashville, ARM Energy Holdings, LLC is a premier marketing services and infrastructure firm, active in every sector of the energy value chain across all major North American oil and gas basins and many key supply centers. As of its groups management vision "Compass2030," Tokyo Gas promotes the challenge of achieving "Net-Zero CO2" and will lead the transition to a decarbonized society.