Fortistar acquires 2 companies
-
- September
- 12
Fortistar LLC, based in White Plains, announced that it has acquired Minnesota Methane LLC and United Gasco LLC from TD Banknorth NA. The portfolio includes 15 landfill gas-to-energy projects located mainly in California, the Midwest and the Northeast. The price of the transaction was not disclosed.
Fortistar takes landfill gas, which is methane, and converts it to electricity or heating gas. Fortistar Methane Group now owns 43 facilities with 210 megawatts of generating capacity and four facilities that sell landfill gas to commercial customers for building heat. It has plans to complete $100 million of expansions over the next several years, the company said. Its other holdings include Gas Recovery Systems LLC, Gas Recovery Services of Illinois LLC and other natural gas and bio-mass generating facilities in New York and California.
“We are committed to being the premier company in the landfill gas-to-energy industry,� Fortistar Methane Group President Tom Gesicki said in a written statement.
This entry was posted
on Wednesday, September 12th, 2007 at 1:14 pm by Alison Bert.
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Category: Expansion, Mergers & acquisitions
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