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SEACOR acquires remaining stake in CLEANCOR

01 Jun 2018

New York-listed domestic and international transportation and logistics and risk management consultancy SEACOR Holdings has acquired the remaining 50% ownership interest in alternative energy and power services and solutions firm CLEANCOR Energy Solutions.

CLEANCOR provides liquefied natural gas (LNG) distribution and technical field support services, leasing its fleet of specialised cryogenic and high pressure gas storage, transport and mobile gas processing equipment, and designing, building, operating and maintaining private power and cogeneration plants.

“CLEANCOR has recently commissioned several power supply solutions for end customers in the Caribbean leveraging SEACOR’s relationships in the islands,” said Eric Fabrikant, COO of SEACOR.

“We also are seeing more opportunity for SEACOR and CLEANCOR to provide turnkey LNG fuel and bunker solutions to the marine industry.

“The time to leverage the synergies between these two platforms is now, and we are excited to provide Jeff Woods, CLEANCOR’s CEO, and his team, our full support.”

Jeff Woods, CEO of CLEANCOR, said, “We are excited to become a wholly-owned subsidiary of SEACOR, and to continue to build on the strategic synergies of its extensive customer base and vibrant operations in the US, Caribbean and Latin America by providing customers reliable, low cost energy and power solutions.”

Published: 1 June, 2018

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