SEACOR Holdings Inc.

01/10/2019 | Press release | Distributed by Public on 01/10/2019 15:33

CLEANCOR ENERGY SOLUTIONS ANNOUNCES GREENFIX AMERICA ASSET ACQUISITION

Fort Lauderdale, Fla, Jan. 10, 2019 (GLOBE NEWSWIRE) -- CLEANCOR Energy Solutions LLC (CLEANCOR), a wholly owned subsidiary of SEACOR Holdings Inc. (NYSE: CKH), announced today that a subsidiary, CLEANCOR Equipment Solutions LLC, has acquired substantially all of the assets of GreenFix America, LLC, a Palm Springs, California-based company.

The acquired equipment will further CLEANCOR's ability to offer turnkey liquefied natural gas (LNG) and compressed natural gas (CNG) solutions for use by truck fleets, off-pipeline agriculture and industrial customers, as well as specialized utility pipeline interruption projects.

In conjunction with the transaction, GreenFix America Managing Member Mark Kimberlin has been hired as Chief Operating Officer of CLEANCOR LNG LLC, a subsidiary of CLEANCOR. CLEANCOR LNG distributes LNG and provides technical support to help its customers nationwide seamlessly transition to a cleaner, lower cost fuel.

'Our goal is to build a comprehensive LNG and CNG supply and services business that annually displaces millions of gallons of diesel fuel and propane with reliable and more sustainable natural gas fuels,' said Jeff Woods, CEO of CLEANCOR. 'This acquisition, and the hiring of Mark, with his extensive background in design, construction, operations and maintenance of LNG and CNG fueling stations and support equipment, are important steps in facilitating our growth.'

* * * * *

About CLEANCOR Energy Solutions
CLEANCOR Energy Solutions invests in and builds new businesses focused on end-customer adoption of alternative fuels that have a favorable environmental footprint and the potential to economically displace legacy petroleum-based fuels, such as diesel, propane and gasoil, that are used in power generation, agriculture, mining, marine, rail, trucking and other energy-intensive businesses.

About SEACOR
SEACOR is a diversified holding company with interests in domestic and international transportation and logistics and risk management consultancy. SEACOR is publicly traded on the New York Stock Exchange (NYSE) under the symbol CKH.

For additional information, contact Investor Relations at (954) 523-2200 or visit SEACOR's website at www.seacorholdings.com.

###

Source: SEACOR Holdings Inc.