Datacentrex Invests $30M in Aerospace LNG Producer Eagle LNG

Datacentrex Inc., a technology-driven enterprise, has invested $30 million in Eagle LNG Partners LLC through its holding company ELNG Equity LLC. The investment acquired a 10.5% equity interest in Eagle LNG.

The deal was made under a Common Unit Purchase Agreement 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. Since 2017, the Jacksonville, Florida-based company has been operating under long-term take-or-pay supply agreements with a weighted average tenor of approximately 15 years.