Pennybacker Closes Acquisition of Miami LNG Business, Appoints Daniel McLaughlin President and Chief Commercial Officer to Lead Miami LNG

Core Insights - Pennybacker Capital Management has acquired the Miami LNG business from New Fortress Energy, enhancing its portfolio in the liquefied natural gas sector [1][2] - The Miami LNG business operates a small-scale liquefaction facility capable of producing approximately 8,300 MMBtu of LNG per day, serving various sectors in Florida and the Caribbean [2] - The acquisition is expected to support energy transition efforts in underserved markets, with a focus on providing cost-effective and sustainable LNG solutions [4] Company Overview - Pennybacker Capital Management is based in Austin, Texas, managing approximately $4 billion in assets across real estate and infrastructure strategies [5] - The firm has multiple offices located in Charlotte, Dallas, Denver, and New York, indicating a broad operational footprint [5] Leadership and Strategic Direction - Daniel McLaughlin has been appointed as President and Chief Commercial Officer of the Miami LNG business, bringing over 10 years of experience in the energy sector [3] - The leadership aims to leverage the acquisition to unlock new opportunities and drive long-term success in the LNG market [4]