Welcome!

News Feed Item

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."

Contacts:       

Fortistar
Mark Comora, President  (914) 421 4949

TruStar Energy LLC
Adam Comora, President and CEO  (914) 421-4940
Scott Edelbach, Vice President - Marketing (813) 545 1343

About Fortistar

Fortistar, headquartered in White Plains, New York, has a 25 year history of investing in and managing energy assets. Fortistar currently has ownership stakes in over 60 projects in North America selling electricity and gas to a wide range of commercial, industrial and utility customers. Fortistar's growing renewable business currently focuses on the landfill gas and biomass sectors.

About TruStar Energy

TruStar Energy LLC is the preferred partner for commercial fleets looking to transition their fuel supply from oil to natural gas.  TruStar Energy provides a suite of solutions making the transition as simple and easy as possible for the customer.  With over 40 CNG stations designed and built to date, TruStar Energy is a recognized leader in providing CNG infrastructure.

More information can be found on www.fortistar.com

 

SOURCE Fortistar and Vocational Energy

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 20th Cloud Expo, Tom Eck, Industry Platforms CTO at IBM Cloud, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing developers ...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs ofte...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
SYS-CON Events announced today that DivvyCloud will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. DivvyCloud software enables organizations to achieve their cloud computing goals by simplifying and automating security, compliance and cost optimization of public and private cloud infrastructure. Using DivvyCloud, customers can leverage programmatic Bots to identify and remediate common cloud problems in rea...
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, w...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single threaded, you can effectively identify hot spots in your serverless code. In his session at 20th Cloud Expo, David Martin, Principal Product Owner at CA Technologies, will give a live demonstration and code walkthrough, showing how to ov...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
SYS-CON Events announced today that A&I Solutions has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 1999, A&I Solutions is a leading information technology (IT) software and services provider focusing on best-in-class enterprise solutions. By partnering with industry leaders in technology, A&I assures customers high performance levels across all IT environments including: mai...
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.