Datacentrex Invests $30 Million in Eagle LNG Partners LLC Holding Company
Datacentrex, Inc., a diversified technology-driven enterprise, has invested $30 million in ELNG Equity LLC, acquiring a 10.5% equity interest in Eagle LNG Partners LLC's holding company.
The investment was made through a Common Unit Purchase Agreement for Class A Common Units at the same valuation as a concurrent $10 million commitment by an affiliate of The Energy & Minerals Group, which controls Eagle LNG.
Eagle LNG produces aerospace-specification liquefied natural gas used to fuel next-generation American launch vehicles. The company operates under long-term take-or-pay supply agreements with a weighted average tenor of approximately 15 years.