|Chesapeake Utilities Corporation Acquires Marlin CNG Services|
"With increased opportunities for mobile fuel and virtual pipeline solutions on the horizon, this acquisition aligns with our strategic plan as we expand the scope of our services throughout our service territories and beyond. Acquiring Marlin CNG Services allows us to extend our services and utilize customized equipment to meet the needs of natural gas suppliers and customers," said
Since 1996, Marlin has been providing virtual pipeline applications to local gas distribution utilities, municipal gas companies, intrastate and interstate pipeline companies, natural gas producers, manufacturers and large industrial customers throughout
"This acquisition extends Chesapeake's service offerings to a variety of new customers, allows for flexibility in meeting the needs of local distribution and transmission companies, and supports the expansion of our business," said
Marlin provides an array of gas supply solutions to address most supply interruption scenarios and offers other unique applications where pipeline supplies are not available or cannot meet customer requirements. These applications include solutions for winter peaking supplies, pipeline integrity testing, equipment testing, pipeline reconstruction, fuel supply switching and bridging supply requirements in advance of pipeline connections.
Please note that
Cautionary Note Regarding Forward-Looking Statements: Statements in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "likely," "outlook," "forecast," "would," "could," "should," "can," "will," "project," "intend," "plan," "goal," "target," "continue," "sustain," "believe," "seek," "estimate," "anticipate," "may," "possible," "assume," variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that could cause actual results to vary materially from those indicated, including the factors described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, each of which is incorporated herein by reference, and in other documents that we file or furnish with the
For more information, contact: