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Excelerate Adds Strategic LNG Assets At 9x EBITDA In Latest $1.05B Acquisition - Excelerate Energy (NYSE:EE), New Fortress Energy (NASDAQ:NFE)

Summary by Benzinga

NFE (NASDAQ: NFE) rose in premarket trading after announcing sale of Jamaican assets to Excelerate Energy Inc (NYSE: EE) for $1.055 billion.

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Benzinga

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Excelerate Adds Strategic LNG Assets At 9x EBITDA In Latest $1.05B Acquisition - Excelerate Energy (NYSE:EE), New Fortress Energy (NASDAQ:NFE)

NFE (NASDAQ: NFE) rose in premarket trading after announcing sale of Jamaican assets to Excelerate Energy Inc (NYSE: EE) for $1.055 billion.

7 days ago·New York, United States

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LNG Industry

Excelerate Energy acquires Jamaica Downstream LNG from New Fortress Energy

Excelerate Energy, Inc. has entered into a definitive agreement with New Fortress Energy Inc. under which Excelerate will acquire NFE’s business in Jamaica for US$1.055 billion in cash.

6 days ago

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offshore-technology.com

Excelerate to acquire New Fortress’ assets in Jamaica for $1.06bn

Excelerate Energy has announced a definitive agreement to acquire New Fortress Energy's downstream LNG and power infrastructure business in Jamaica for $1.06bn in cash.

6 days ago

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Caribbean News Global

New Fortress Energy Announces Sale of Jamaica Assets & Operations to Excelerate Energy - Caribbean News Global

NEW YORK–(BUSINESS WIRE)–New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that it has finalized a transaction with Excelerate Energy, Inc. (NYSE: EE) (“Excelerate”) to sell its assets and operations in Jamaica for $1.055 billion. Proceeds from the transaction will be used to reduce NFE’s corporate debt and for general corporate purposes. This transaction is expected to close in the second quarter of 2025 and marks a key step in NFE…

6 days ago

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USA Herald

Excelerate Energy to Buy New Fortress’ Jamaica Business in $1.055B Deal - USA Herald

In a blockbuster deal poised to reshape the liquefied natural gas (LNG) market in the Atlantic basin, Excelerate Energy has announced a $1.055 billion acquisition of New Fortress Energy’s Jamaica operations. The deal, unveiled Thursday, positions Excelerate as a dominant force in LNG infrastructure and a key supplier in the region’s growing energy sector. The acquisition encompasses two LNG terminals in Montego Bay and Old Harbour, as well as a …

6 days ago

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The Texas Lawbook

Excelerate Energy to Purchase New Fortress Energy's Jamaican Assets and Operations for Over $1B - The Texas Lawbook

Excelerate Energy announced on Thursday that it had entered an agreement with New Fortress Energy to acquire its Jamaican assets and operations for $1.055 billion. Lawyers from Gibson Dunn, Vinson & Elkins and Simpson Thacher are advising on the deal. The post Excelerate Energy to Purchase New Fortress Energy’s Jamaican Assets and Operations for Over $1B appeared first on The Texas Lawbook.

7 days ago

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