Pennybacker Capital completed the acquisition of Miami LNG business from New Fortress Energy.

Pennybacker Capital, a real assets investment manager, completed the acquisition of Miami LNG business, a small-scale Florida-based liquefied natural gas production and distribution business, from New Fortress Energy, a global energy infrastructure company. Financial terms were not disclosed. "Through our ownership, and working with Daniel and his team, we look forward to serving existing Miami facility customers and providing cost-effective and sustainable LNG solutions to new US and Caribbean customers," Sam Warfield, Pennybacker Managing Director and Head of Critical Infrastructure.