A Tokyo Gas subsidiary has acquired minority equity interests in a new natural gas marketing company founded by ARM Energy Holdings LLC, according to a Feb. 5 news release.

Financial terms of the transaction weren’t disclosed.

Tokyo Gas America Ltd. purchased a stake in the new firm, ARM Energy Trading LLC, which is comprised of ARM Energy Services and ARM Energy Mexico, one of the largest private physical gas marketers in North America, according to the release.

The transaction allows ARM to continue growing its asset optimization and trading strategy while furthering its overall energy platform, said Zach Lee, CEO of ARM Energy.

“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,” Lee said. “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.”

Akira Inukai, CEO of Tokyo Gas America, said ARM’s extensive customer relationships and capabilities in natural gas procurement and sales have established it as a leader the industry. “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,” Inukai said.

ARM Energy Trading will be led by the current management team of ARM Energy with Zach Lee serving as board chair.

Intrepid Partners LLC served as financial adviser and Holland & Knight LLP acted as legal advisers to ARM Energy for the transaction.

Greenhill & Co. (Mizuho M&A) served as financial adviser, and White & Case LLP acted as legal advisors to Tokyo Gas America.

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