(Source: Shutterstock.com)
Private equity firm FalconPoint Partners’ portfolio company JENNMAR is expanding its service offerings to the oil and gas industry with the acquisition of G&R Gas Services, the company announced in a June 11 press release.
Terms of the deal were not disclosed in the companies’ announcement.
JENNMAR is a provider of infrastructure products and services to the civil, solar, mining and construction industries. G&R services the oil and gas industry in Virginia through well tending, roustabout and right-of-way maintenance offerings.
JENNMAR’s deal for G&R includes the acquisition of over 100 service vehicles. JENNMAR will adopt G&R’s existing customer agreements and add over 100 employees to its services division.
"This acquisition expands our footprint in the Central Appalachian region as we continue to provide best-in-class service to our customers,” Ryan Litwinovich, vice president of JENNMAR Services. “We thank [G&R Gas Services President] Greg Bostic and the entire G&R Gas Services team for their partnership in a smooth transition for our employees and clients."
Recommended Reading
Energy Transition in Motion (Week of Jan. 10, 2025)
2025-01-10 - Here is a look at some of this week’s renewable energy news, including guidance on technology-neutral clean electricity credits.
MVP Produces Lithium at DLE Plant in Montney
2025-01-07 - MVP Lithium said it produced 99.9% pure battery-grade lithium hydroxide from brine via direct lithium extraction.
Ørsted Farms Down Stake in US Solar Projects in $572MM Deal
2024-12-19 - The deal was reached with Energy Capital Partners for stakes in Mockingbird Solar and Sparta Solar in Texas as well as Eleven Mile Solar in Arizona.
Energy Vault, RackScale Partner to Scale Up Data Centers by 2 GW
2024-12-11 - The Energy Vault-RackScale Data Centers partnership emerges as hyperscalers continue to lock in electricity, including from renewables and energy storage systems, to meet growing power needs.
CIP Taps Canadian Solar for 2GWh of Energy Storage
2025-01-08 - Canadian Solar’s e-STORAGE received contracts for the 1-GWh Coalburn 2 and the 1-GWh Devilla projects in the U.K.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.