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Seacor purchases remaining interest in Cleancor

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Seacor Holdings Inc. has announced that Cleancor Holdings LLC, a wholly owned subsidiary of the company, acquired the remaining 50% ownership interest in Cleancor Energy Solutions LLC, an alternative energy and power services and solutions company.

Since its inception in late 2013, Cleancor has built operating businesses in LNG distribution and technical field support services, leasing its fleet of specialised cryogenic and high pressure gas storage, transport and mobile gas processing equipment, and designing, building, operating, and maintaining private power and cogeneration plants.

Eric Fabrikant, COO of Seacor, said, “Cleancor has recently commissioned several power supply solutions for end customers in the Caribbean leveraging Seacor’s relationships in the islands. We also are seeing more opportunity for Seacor and Cleancor to provide turnkey LNG fuel and bunker solutions to the marine industry. The time to leverage the synergies between these two platforms is now, and we are excited to provide Jeff Woods, Cleancor’s CEO, and his team, our full support.”

Jeff Woods, CEO of Cleancor, said, “We are excited to become a wholly-owned subsidiary of Seacor, and to continue to build on the strategic synergies of its extensive customer base and vibrant operations in the US, Caribbean, and Latin America by providing customers reliable, low cost energy, and power solutions.”

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/04062018/seacor-purchases-remaining-interest-in-cleancor/

 

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