Freedom CNG acquired ComTech Energy, expanding its compressed and renewable natural gas (C/RNG) operations. According to a press release, the acquisition is meant to help implement a North American hub-and-spoke fueling model. Freedom said this will enable more flexible and cost-effective low-carbon energy options.
ComTech Energy develops mobile on-site refueling services and for standardizing gaseous fueling infrastructure for heavy-duty transportation fleets. By joining forces, Freedom told us it gains the ability to deliver C/RNG directly to customers’ locations. The company added that helps boost convenience and better supporting fleet productivity.
With this acquisition, Freedom said it operates more than 25 C/RNG fueling stations. It also offers over 60 operations and maintenance sites across North America. The company plans to expand its mobile refueling services for heavy-duty fleets.
By acquiring ComTech Energy, Freedom said this acquisition enabled it to to deliver C/RNG directly to customers’ locations, through ComTech Energy’s on-site refueling services.Company Statements on ComTech Energy Acquisition
“This partnership with Freedom provides the ideal platform to significantly scale our vision for RNG distribution,” said James Ro, former President of ComTech and now Chief Commercial and Strategy Officer at Freedom. “The strategic resources and growth capital they bring allow us to quickly build out our RNG hub-and-spoke infrastructure model and drive the accelerated adoption of RNG for heavy-duty transportation.”
Nick Kurtenbach, President and CFO of Freedom CNG, said the acquisition strengthens their ability to deliver “efficient, innovative fueling infrastructure.” He added that ComTech’s team and assets allow Freedom to offer turnkey solutions to fleets, municipalities, and other high-volume fuel users transitioning to sustainable fuels.
Upcoming Discussion on C/RNG in the Industry
Fleet Equipment recently spoke with Kurtenbach to discuss the growing role of C/RNG use in the transportation industry, as well as addressing infrastructure apprehension. stay on the lookout for that conversation in an upcoming episode of On The Road, and subscribe to our newsletter to make sure you don’t miss it.