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. "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. Demand for natural gas continues to surge in North America, and this investment positions us strongly to capitalize on the important continued growth in the region.ARM Energy Trading will be led by the current management team of ARM Energy with Zach Lee serving as Chairman of the Board.Intrepid Partners, LLC served as financial advisor, and Holland & Knight LLP acted as legal advisors to ARM Energy for this transaction. 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, LLC Headquartered 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.