COAXIS Energy acquires KALM Energy’s LNG assets

COAXIS Energy announces it has acquired the LNG assets and interests of KALM Energy.

COAXIS Energy Company announced that it has acquired the LNG assets and interests of KALM Energy, a liquefied and compressed natural gas sales and service provider based in Lincoln, Nebraska. KALM Energy was well-established in the LNG industry and had been awarded incentives on numerous projects through the Colorado Energy Office, Nebraska Environmental Trust and Colorado Regional Air Quality Committee. In addition to the LNG assets, COAXIS brought on Mike Hoelscher, former KALM Energy partner, to help run LNG operations. Hoelscher has nearly two decades of experience in the industry. 

“This acquisition will help us enhance energy supply and natural gas capacity through the utilization of liquefied natural gas(LNG) in underserved areas with supply constraints and especially where necessary in rural areas of America. We welcome Mike Hoelscher and his years of experience to our team,” said COAXIS Energy Company President Scott Stern. “We look forward to continuing to provide great service to all current and future customers.” 

With this purchase, COAXIS Energy has increased its equipment and personnel portfolio that enables the company to serve larger markets and increase its geographic footprint. COAXIS now has the fleet of equipment and personnel to supply LNG and services from the Canadian border to Arkansas and Oklahoma. 

The sale was finalized November, 30, 2020. 

 

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