Date: September 11, 2007
Source: Fortistar LLC
Fortistar acquires TD Banknorth's interests in Minnesota Methane LLC and United Gasco LLC
Fortistar LLC today announced the acquisition of TD Banknorth, N.A.'s ownership interests in Minnesota Methane LLC and United Gasco LLC. Fortistar now owns 100% of both companies, which include a portfolio of fifteen landfill gas to energy projects located primarily in California, the Midwest and the Northeast.
Fortistar Methane Group, the landfill gas to energy division of Fortistar, now owns 43 facilities totaling 210 megawatts of generating capacity and four compressor stations selling landfill gas to commercial customers. Fortistar Methane Group has plans to complete $100 million of expansions over the next several years. Fortistar Methane Group is one of the largest landfill gas to energy companies in the United States and its holdings include Gas Recovery Systems LLC, Gas Recovery Services of Illinois LLC, Minnesota Methane LLC and United Gasco LLC.
"We are committed to being the premier company in the landfill gas to energy industry," stated Fortistar Methane Group President Tom Gesicki. "Our goal is to build a reputation for consistent, reliable service to our energy customers and responsiveness to the needs and wants of the landfill owners. New business opportunities will come our way as we continue to work with suppliers and customers as long-term business partners."
For more information, contact:
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