This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Fortistar Acquires Vocational Energy

WHITE PLAINS, N.Y., Jan. 14, 2013 /PRNewswire/ -- 

  • Fortistar and its new affiliate, TruStar Energy LLC ("TruStar Energy" or the "Company") announce the acquisition of Vocational Energy, the leader in compressed natural gas ("CNG") fuel station engineering, design and construction.
  • The significant increase in the domestic supply of natural gas and the resultant price decline has become a game changer for a number of industries, including transportation.  The economic and environmental advantages of converting transportation fleets to clean burning CNG are now very compelling. 
  • TruStar Energy will provide "one-stop-shopping" for companies wanting to convert their transportation fleet to CNG by offering long term fuel supply agreements to customers from TruStar owned facilities as well as constructing customer-owned fueling stations.

On December 31, 2012, Fortistar, through its affiliate TruStar Energy, purchased a majority interest in Vocational Energy.  TruStar Energy will continue the existing construction business of Vocational Energy and expand into offering long term fuel supply agreements to companies wishing to convert their transportation fleets to CNG.  The Company will also be able to take advantage of Fortistar's supply of landfill gas offering a renewable component to the fuel supply. A future division is expected to provide operations and maintenance services to owners of CNG facilities.  Existing Vocational Energy management will remain in place as a central part of the TruStar Energy team.

Mark Comora, President of Fortistar said, "We are very excited about joining with Vocational Energy, the best construction and technical team in the industry.  Together as TruStar Energy our mission is to set a new standard of excellence in the industry."

Scott Edelbach, President of Vocational Energy/Vice President – Marketing of TruStar Energy said, "Our customers have always appreciated the simplicity of doing business with us.  By applying our core business principals and teaming up with Fortistar, we are now able to significantly expand our market reach and better serve our customers." 

Adam Comora, President and CEO of TruStar Energy added, "We are extremely pleased to be acquiring Vocational Energy and to be able to provide one stop shopping for customers looking to convert their fleets over to clean burning CNG."  Comora continues, "We look forward to deploying the necessary capital to address this growing industry's infrastructure needs."



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.55 -9.23 -0.44%
NASDAQ 4,966.4950 -13.4060 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs