Pennybacker acquires Baseline Energy Services
03/26/25, 3:40 PM
Industry
energy management
renewable energy
oil and gas
energy
Pennybacker Capital Management has acquired Baseline Energy Services to enhance its infrastructure portfolio. This strategic move aims to address the growing demand for distributed power generation solutions. The existing management team of Baseline will continue to lead the company post-acquisition. The collaboration is expected to expand Baseline's capabilities in the energy sector.
Company Info
Company info
The Miami LNG business is a strategically located small-scale liquefaction operation, equipped with one liquefaction train that produces up to approximately 8,300 MMBtu per day of LNG, optimized for truck and rail logistics to enable efficient and flexible distribution for its customers. It serves the hospitality, industrial, transportation, aerospace, and marine bunkering sectors principally in Florida and the Caribbean islands, providing on average an estimated 15-40% cost advantage over traditional fuels like diesel, making it a cost-effective, reliable, and cleaner energy source.