Flogas Britain, one of the UK’s leading LPG, LNG and alternative energy suppliers has announced its acquisition of Portal Gas Services from administrators KPMG.
Portal Gas Services was part of T Baden Hardstaff Limited, a Nottinghamshire based business that entered administration last month.
While T Baden Hardstaff Limited’s main business was road haulage and fleet maintenance for commercial vehicles, the Portal Gas Services division specialises in the supply of Liquefied Natural Gas (LNG) and has developed Oil Ignition Gas Injection dual fuel technology for commercial vehicles.
The acquisition will see Flogas strengthen its position in the LNG market, expanding its transport capacity and increasing Flogas’ network of refuelling stations. As part of the deal, Flogas will continue to supply Portal Gas Services’ customers.
LNG is produced by liquefying natural gas to a point where its volume is 1/600th of its volume in a gaseous state, making it easily transported to large businesses not on the national grid. The LNG market is expanding rapidly in the UK as large off grid businesses increasingly become aware of the huge financial and carbon savings that LNG offers over oil.
Flogas currently leads the field in converting high volume oil burning businesses to LNG, and has designed and developed the largest LNG conversion project ever seen in the UK. The purchase of Portal Gas Services will allow Flogas to build on its current success for the benefit of existing and future customers.
Commenting on the deal, Peter Ablett, Flogas Commercial Director said: “LNG is a very important area for Flogas and we see the extra vehicles, infrastructure and expertise we have acquired as a vital part of our strategic growth.
He continued: “The extra vehicles and refuelling stations we’ve acquired allows us to vary our purchasing strategy and better support our customers.”