Evergreen Advisors Capital, a middle-market investment bank, announced that it advised Ultimate CNG, LLC (“UCNG”) on its sale to Critical Infrastructure Holdings, LLC (“CIH”).
Headquartered in Chantilly, Virginia, UCNG is a leading mobile deployment provider of compressed natural gas and liquefied natural gas services. UCNG’s core capabilities encompass a wide range of offerings, including pipeline interruption support, peak shaving, virtual pipeline, power generation, methane capture, and mobile natural gas vehicle fueling services. Ultimate CNG provides a full range of services and equipment to handle both planned and unplanned pipeline interruptions.
Critical Infrastructure Holdings, headquartered in Tomball, TX, is a leader in pressurized pipeline services, focusing on predictive solutions that mitigate infrastructure failure risks, prevent hydrocarbon release events, and safeguard critical infrastructure assets.
“UCNG has built a fantastic business prepared to capitalize on aging pipeline infrastructure by providing innovative virtual pipeline and fueling solutions to its clients. Evergreen was thrilled to work with Dennis and his team throughout the transaction process. We believe the cultural and strategic fit with CIH will generate continued success moving forward.”, said Steve Prichett, Managing Director, Evergreen Advisors Capital.
“Throughout the process of selling my company, the Evergreen M&A team has been the model of professionalism. They treated my business and my money with the same attention and care as their own. They invested the time and effort to understand our business at a detailed level, which resulted in greater net proceeds from the transaction. The best adjectives to describe them are smart, diligent, tenacious, polished, and professional. Over the course of my career, I received support from several national investment banking firms on Wall Street, and I would choose this team over any of them”, said Dennis Pick, UCNG’s Co-Founder and CEO.
Evergreen Advisors Capital served as the exclusive financial advisor to UCNG and assisted in initiating, structuring, and negotiating the transaction on UCNG’s behalf. This transaction highlights Evergreen Advisors Capital’s sector expertise in advising industrial services companies and its continued success in sell-side assignments. Nemphos Braue served as legal counsel to UCNG. Terms of the transaction were not disclosed.
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About Ultimate CNG, LLC
Headquartered in Chantilly, Virginia, UCNG is a leading mobile deployment provider of CNG and LNG services. Utilizing its equipment, UCNG deploys virtual pipelines at critical distribution locations where there is no fixed infrastructure and ensures seamless delivery through its PHMSA and HAZMAT-certified drivers. For more information, visit https://ultimatecng.com/
About Critical Infrastructure Holdings, LLC
Headquartered in Tomball, TX and founded in 2019, CIH is a data-driven critical infrastructure solutions company specializing in pressurized pipeline services. Committed to tailored solutions, CIH serves clients globally, offering expertise in minimizing downtime and optimizing schedules.
About Evergreen Advisors Capital
Evergreen Advisors Capital, LLC is a leading investment banking and corporate advisory firm focused on assisting emerging growth and middle-market companies in the areas of corporate finance, growth and exit strategies, valuations, and advisory services. For more information, visit www.evergreenadvisorsllc.com
