Ferus Natural Gas Fuels Inc. and Cryopeak LNG Solutions Corporation Announce Strategic Merger and Acquisition of Campus Energy Partners LNG Assets.
"On behalf of the Board of Directors of Ferus Natural Gas Fuels Inc., I would like to thank and congratulate Rishi Chakraborty and his team at McLeod Law for their wise counsel and guidance on this transaction. Commencing with early analysis of potential deal structures, advising on critical commercial matters in the negotiation phase, conducting due diligence through to finalization and implementation of the transaction, the McLeod Law team were critical to our success. Rishi Chakraborty and his team were always collaborative, creative, and reassuring to our team and new partners. McLeod Law was a key element of the deal team and will be advising our other business interests in the future." - Tyler Dahlseide, President and CEO of the Ferus Natural Gas Fuels Inc.
On February 1, 2024, Ferus Natural Gas Fuels Inc. completed its merger with Cryopeak LNG Solutions Corporation forming a new LNG production and distribution technology-focused entity. In addition, Cryopeak also acquired all LNG assets from Campus Energy Partners Infrastructure, including the regional LNG production facility located in Dawson Creek, British Columbia. Through the merger and acquisition, Cryopeak will be the largest private, vertically integrated, LNG producer and service provider in Canada.
McLeod Law acted as lead transaction counsel to Ferus Natural Gas Fuels Inc. and the team was led by S (Rishi) Chakraborty and included Breton Gaunt, Laura Wynnyk and Kai Yee (business law) and Randolph (Randy) W. Mitchell (litigation).
Read Cryopeak's press release here.
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