Energy Acquisitions in Mississippi

SitelogIQ, a national energy services and facility improvement solutions provider, acquired Path Company, a NAESCO-accredited energy services firm serving municipal, K-12 and higher education customers in the Southeastern United States. The add-on acquisition (financial terms undisclosed) expands SitelogIQ’s geographic footprint into six additional southeastern states and broadens its service capabilities in lighting, HVAC, water efficiency and renewable power.

Jones Capital has sold Portabull Fuel Services, LLC, a Purvis, Mississippi-based mobile fuel management and equipment rental company operating across 22 states, to CR Fuels, a wholesale fuels provider based in Hattiesburg, Mississippi. The sale transfers Portabull's fleet, fuel-management technology, and customer relationships (heavy construction, pipeline and renewable projects) to CR Fuels; Butler Snow served as legal counsel to the sellers.

Qualus Corporation has acquired ASSET Engineering, a Jackson, Mississippi–based power engineering and consulting firm specializing in renewable generation development, battery energy storage systems, microgrids, and distributed energy resources. The acquisition expands Qualus' capabilities in renewables, energy storage, and critical-infrastructure support for clients such as utilities, developers, and data centers and broadens its U.S. footprint.

Southern Energy Corp. entered into a definitive purchase and sale agreement to acquire the remaining producing acreage in the Gwinville Field (Jefferson Davis County, Mississippi) from PetroTX Energy, LLC for $3.2 million. The acquired assets produce roughly 400 boe/d (predominantly natural gas), add inventory and reserves, and are expected to generate immediate operating synergies and >30% operating cost savings when integrated with Southern's existing Gwinville operations.