Creates Meaningful Access Points and Significantly Expands Services Offerings Across the Energy Value Chain and Enhances Customer Base
Provides Opportunity for Marketing and Trading of Additional Products
HOUSTON–(BUSINESS WIRE)–ARM Energy Holdings, LLC (“ARM” or “Company”), a leading infrastructure and energy marketing services firm committed to customer-centric solutions, today announced that Tokyo Gas America Ltd. (“Tokyo Gas America”), a wholly owned subsidiary of Tokyo Gas Co., Ltd. (“Tokyo Gas”) has acquired a minority equity interest in a newly-formed entity, ARM Energy Trading, LLC (“ARM Energy Trading”), which is comprised of ARM Energy Services and ARM Energy Mexico, one of the largest private North American physical natural gas marketers.
“This transaction will enable ARM to continue to execute and grow our asset optimization and trading strategy while furthering our 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. 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.”
“Through ARM’s extensive customer relationships and strong capabilities in natural gas procurement and sales, the Company has established itself as a leader in its industry, and we are pleased to acquire an interest in ARM Energy Trading,” said Akira Inukai, CEO of Tokyo Gas America. “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.”
ARM Energy Trading will be led by the current management team of ARM Energy with Zach Lee serving as Chairman of the Board.
Intrepid Partners, LLC served as financial advisor, and Holland & Knight LLP acted as legal advisors to ARM Energy for this transaction. Greenhill & Co. (Mizuho M&A) served as financial advisor, and White & Case LLP acted as legal advisors to Tokyo Gas America for this transaction.
About ARM Energy Holdings, LLC
Headquartered in Houston, with offices in Calgary, Denver, Los Angeles and Nashville, ARM Energy Holdings, LLC is a premier marketing services and infrastructure firm, active in every sector of the energy value chain across all major North American oil and gas basins and many key supply centers. For more information, please visit www.armenergy.com.
About Tokyo Gas Co., Ltd.
Founded in 1885, Tokyo Gas Co., Ltd. is Japan’s largest provider of city gas primarily in the Tokyo metropolitan area and surrounding Kanto region. Since the liberalization of Japan’s electricity market, it has also been providing electricity in the same area. As of its group’s management vision “Compass2030,” Tokyo Gas promotes the challenge of achieving “Net-Zero CO2” and will lead the transition to a decarbonized society. Please visit Tokyo Gas’ website for more information: www.tokyo-gas.co.jp/en/