Freedom CNG, a Houston-based provider and distributor of compressed natural gas (CNG) in the U.S., has acquired Bluffdale-based Lancer Energy, a company that designs, builds, operates and maintains CNG fueling stations.
Concurrently, Freedom also bought Colorado-based X3CNG, a large operator of public-access CNG fueling stations in the Rocky Mountain region.
The two acquisitions expand Freedom CNG’s presence and clean energy infrastructure throughout the western U.S., while providing fueling solutions to commercial fleets, municipalities, school districts and other high-volume users of fuel, the company said in a release.
Freedom CNG owns and operates eight renewable natural gas dispensing stations for transportation and industrial fueling across Texas and Colorado.
Lancer Energy specializes in building and maintaining CNG fueling stations and offers certified fuel system inspections and fleet services. The company also provides solutions that extend to electric vehicle (EV) and hydrogen fueling systems.
“It’s been an incredible journey building Lancer Energy alongside an amazing team, and I’m deeply grateful for the relationships we’ve forged with our customers, vendors and partners over the years,” said Lance Granger, founder of Lancer Energy and now group vice president at Freedom CNG. “Joining forces with Freedom CNG marks an exciting new chapter — one that brings incredible leadership, expanded resources, shared values and a bold vision for a better, cleaner energy future. I’m confident this partnership will accelerate innovation and amplify the positive impact we can make together.”
“The acquisitions of X3CNG and Lancer Energy represent significant milestones in our mission to deliver clean, renewable natural gas across the western United States,” said Nick Kurtenbach, president and chief financial officer of Freedom CNG. X3CNG’s robust network in Colorado and Lancer’s technical expertise and extended energy solutions provide an incredible platform for us to meet rising demand while collaborating with fleets and communities to advance sustainable energy solutions.”
