Seal Beach’s Clean Energy Fuels Corp., which runs natural gas fueling stations for fleets of taxis, buses and other vehicles, is acquiring a builder of fueling stations for $11 million.
Clean Energy is buying Evanston, Wyo.-based Wyoming Northstar Inc., which builds natural gas fueling stations and makes fuel dispensers and other products.
Wyoming Northstar has worked with Clean Energy on development of its stations.
Clean Energy plans to pay $7.4 million up front and the rest in yearly installments.
The company also plans to pay retention bonuses of up to $4 million.
The buy comes after an October deal that calls for Clean Energy to build and run fueling sites at truck stops.
Clean Energy signed a pact with Knoxville, Tenn.-based Pilot Travel Centers LLC to build and run liquefied natural gas facilities at some Pilot Flying J truck stops across the country.
Pilot runs more than 550 U.S. and Canadian truck stops offering fuel, restaurants, stores, showers and other services.
Clean Energy runs more than 200 natural gas fueling stations across the country.
The company develops and runs natural gas stations near airports, utility companies, universities, city yards and other places they’re likely to see a lot of use.
Legendary oilman and corporate raider T. Boone Pickens started Clean Energy as a tiny part of his Dallas-based Mesa Petroleum in the late 1980s. He split it off in the late 1990s.
