BP Energy Partners acquires Cryopeak LNG Solutions
BP Energy Partners (BPEP) has acquired a controlling interest in Cryopeak LNG Solutions Corp, a Richmond, British Columbia-based distributor of liquified natural gas (LNG). No financial terms were disclosed. Founded in 2012 by CEO Calum McClure, a former Teekay Corp executive, Cryopeak provides fuel for power generation, heat and pipeline supply to industrial customers and utilities in Canada and the United States. Along with acquiring the company, BPEP, a U.S. energy private equity firm, said it will commit additional capital to Cryopeak to support its continued growth in North America.
8 January 2019•3 mins read
