Gas South, a provider of natural gas in competitive markets throughout the southeastern United States, has plans to acquire Florida-based Infinite Energy in a deal that will more than double Gas South’s annual revenue to $1 billion.
Gas South will acquire Infinite Energy’s wholesale and retail natural gas business and customer list, located primarily in the states of Georgia and Florida. The combined company will provide natural gas service to some 425,000 residential, commercial, industrial and wholesale customers throughout the Southeast.
“The opportunity to acquire Infinite Energy brings together two strong and successful companies with shared geographic footprints, similar ‘people first’ cultures and complementary core business competencies,” said Kevin Greiner, president and CEO of Gas South.
The acquisition will be supported by a revolving credit facility jointly led by Truist Securities and J.P. Morgan Chase Bank. The deal is expected to close
