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Makeen Energy acquires Gas Equipment Co.

March 13, 2020 By    

Makeen Energy’s daughter company, Kosan Crisplant, signed an agreement to acquire Gas Equipment Co. (GEC). This acquisition is intended to strengthen the global business and network of the group’s trading division, KC ProSupply.

Makeen Energy is an international company based in Denmark. GEC, based in Dallas, will become a branch of Makeen Energy’s trading division, KC ProSupply, which supplies gas components and other commodities, as well as service and consultancy, to the gas industry worldwide.

“The trading activities in KC ProSupply are a strategic focus area for which we have ambitious goals, and with the acquisition of GEC, which is the largest acquisition to date, our trading division will assume a size justifying merging the activities in one powerful unit,” says Anders C. Anderson, CEO of Makeen Energy. “The unit will consist of 180 employees and have a yearly turnover of approximately 85 million U.S. dollars.”

The previous owner, Skeeter LaDue, will continue to lead GEC under the new ownership.

“I am thrilled to be able to pass on ownership of GEC to a company that wants to carry our values forward,” says LaDue. “Joining forces with people as passionate about energy industry success as us is what takes us into the next chapter in our storybook.”

The acquisition of GEC adds extra volume and new business areas to KC ProSupply. By building on its physical locations and its relations to the market, GEC plans to develop its service area and offer added value to American customers – from purchase, consultancy and delivery to installation and on-site services.

According to Makeen Energy, GEC and KC ProSupply can achieve substantial synergies in relation to key suppliers, both in terms of higher volume and easier daily access to U.S.-based suppliers for the European branches of KC ProSupply.

*Featured image: tttuna/E+/Getty Images

About the Author:

Sarah Peecher is the Digital Media Content Producer for LP Gas. Her experience includes content creation and strategy for both print and digital media, giving her the skills to share stories on websites and social media platforms.

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