Indiana CNG Stations Land New Owner

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(file photo) (file photo)
NEW YORK -

Five compressed natural gas fueling stations throughout Indiana are now under new ownership. New York-based American Natural Gas LLC has acquired Baltimore-based Constellation CNG LLC, which owned fueling stations in Indiana and Ohio.

The fueling stations are located in Fort Wayne, Greensburg, Indianapolis, Lafayette and Seymour. Constellation also owned stations in Dayton and Findlay, Ohio. Financial terms of the acquisition were not disclosed.

"Our customers’ needs are driving our expansion," said Drew West, chief executive officer of ANG. "With a national footprint, ANG is situated better than ever to support fleets across the country in broader, more extensive adoptions of CNG. These strategic purchases align with our mission to expand our CNG network, extend the reach of alternative fuels, and continue to meet the needs of this growing industry."

Constellation CNG originally took ownership of the Indiana and Ohio stations in January 2015.

In a separate transaction, ANG also acquired Questar Fueling Co., which owned 11 CNG fueling stations in Arizona, Kansas, Texas, Utah, California and Colorado. ANG's parent company, HC2 Holdings Inc. (NYSE: HCHC), did not state whether any jobs would be affected by the acquisitions.

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