Thigpen Solutions, an existing portfolio company of BP Energy Partners (BPEP) has acquired substantially all of the assets of Thigpen Energy and TRF Energy Solutions (collectively Thigpen Energy) for an undisclosed amount.
The new entity will continue to operate under the Thigpen Energy name.
Thigpen Energy is a leader in the engineering, design, implementation and execution of turnkey projects to deliver liquefied natural gas (“LNG”), compressed natural gas (“CNG”) and field gas to pipeline operators and other industrial customers.
In addition to serving and expanding the footprint with Thigpen Energy’s existing clients, the new entity will focus on other industrial end-users and markets including the oil and gas sector.
Thigpen Solutions founder and CEO Sam Thigpen said: “I am very excited about the addition of Thigpen Energy’s team and assets to our organization.
“The hard work and dedication of the people at Thigpen Energy have produced a reputation for customer service that is second to none. The fleet of assets and the team’s experience provides us a strong foundation from which to grow in the natural gas solutions space.
“The ability to provide LNG, CNG, field gas, and other natural gas services, makes ours one of the most comprehensive service offerings in the market today.”
BPEP managing partner Michael Watzky said: “We are excited about adding the Thigpen Energy assets and people to the BPEP platform. Thigpen Energy delivers cost savings and operational efficiencies to its customers by providing cheap, abundant natural gas to those not connected to pipelines or where pipeline service is not available.
“BPEP continues to capitalize on the growing demand of natural gas by providing growth capital to businesses like Thigpen Energy which operate within the natural gas value chain.”
Source: Company Press Release.