Tokyo Gas America completed the acquisition of a minority stake in ARM Energy Services and ARM Energy Mexico for $115m.

Tokyo Gas America, a fully owned Tokyo Gas subsidiary offering oil and gas related services in North America, completed the acquisition of a minority stake in ARM Energy Services and ARM Energy Mexico, the ARM Energy Holdings subsidiaries, for $115m. “This transaction will enable ARM to continue to execute and grow our asset optimization and trading strategy while furthering our overall energy platform. Combining our existing business units with Tokyo Gas’ assets will create material synergies, while also providing us with an entry to marketing and trading of other products. With its strong asset base and global reach, Tokyo Gas stands at the forefront among organizations creating a stronger, more dynamic energy future, and we are thrilled to partner with them to create more value together through ARM Energy Trading,” Zach Lee, ARM Energy CEO.