Mercuria Investments US Inc. has agreed to purchase natural gas station operator Beyond6 Inc. from HC2 Holdings Inc. for around $169 million.
“Mercuria is excited to continue to execute on its corporate strategy of increased investment in the energy transition to clean, renewable energy sources,” says Mercuria CEO Brian Falik. “We look forward to building on the success of the brand built by Andrew West and working with the Beyond6 team in creating holistic turnkey solutions for decarbonization in the medium- and heavy-duty vehicle segments for its blue-chip corporate customers.” Energy and commodities company Mercuria has stated 50 percent of its new investments would be in renewable energy over the next five years, according to an HC2 press release.
Goldman Sachs & Co. LLC is acting as advisor to Beyond6. Kramer Levin Naftalis & Frankel LLP is acting as legal advisor to HC2, and Vinson & Elkins LLP is acting as legal advisor to Mercuria.