2011-03-30-2011-03-16-2011-03-16

Transaction Type
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description

Acquired CA-based company that designs, constructs and maintains CNG compressor stations in CA, AR, TX, MN& IL.

Mansfield Oil Co., Gainesville, Ga., has reported that it has acquired California-based Gas Equipment Systems Inc. (GESI) was founded by President & CEO Larry Ozier in 1998 and has supplied, constructed or maintained more than 150 compressed natural gas fueling stations in its thirteen year history. As a leader in the compressed natural gas sector, GESI was a natural partner for Mansfield, the nation's leading provider of end-to-end fuel solutions. With the addition of compressed natural gas to its current energy portfolio, Mansfield has solidified its position as the only transportation fuels company with the capability to deliver a complete slate of fuels including gasoline, diesel, biodiesel, ethanol, and CNG across the U.S. and Canada.

"With GESI, Mansfield has found an experienced partner with more than a decade in the compressed natural gas industry," J. Alexander, President & COO of Mansfield, said. "Mansfield has been looking for a partner with a proven track record in the CNG sector. GESI provides the knowledge needed for Mansfield to become a one-stop solution for our customers' energy needs on a national scale. With the acquisition of GESI, Mansfield has completed its transportation fuels portfolio."

Over the past 13 years, GESI has provided products and services for customers spanning the government, transit, industrial and school transportation sectors. GESI was recently appointed the North American CNG compressor packager for Gardner Denver, CompAir and BRC/Fuelmaker and also distributes CNG systems for Knox Western, Ingersoll-Rand, AFSC Compressors, PSB Gas Dryers, Kraus Global Dispensers and FuelMaster. GESI manufactures its compressor skids and its own line of accessory components at their headquarters in Rancho Cucamonga, CA.

GESI Founder Larry Ozier commented, "We currently design, supply, manufacture, construct and maintain CNG fuel stations of all sizes in numerous states including California, Arizona, Texas, Minnesota, and Illinois. Our experience has been that customers need a turnkey solution from a single source. We can ease their transition to CNG and make sure that their systems continue to operate reliably for years to come."

Doug Haugh, Executive Vice President & CIO of Mansfield, stated, "Many of our customers in the Waste, Cement, Parcel Delivery, Public Transit, and School Transportation sectors have been asking for CNG. Now we have the capability and experience to address that demand with the same quality and reliability we deliver with our existing fuels portfolio. 95% of the natural gas consumed in the United States is produced domestically, so we see a great opportunity to help our customers save money and reduce their emissions by leveraging the vast natural gas resources recently discovered in the U.S."