JP 3E Holdings, Inc. Acquires 51% of Power Engineering Corporation (PEC), Eyes Major Expansion in Energy Market
This acquisition is a strategic expansion move that aims to significantly enhance JP3E's presence in the liquefied natural gas (LNG) sector through PEC's advanced capabilities.
- This acquisition is a strategic expansion move that aims to significantly enhance JP3E's presence in the liquefied natural gas (LNG) sector through PEC's advanced capabilities.
- PEC, previously a wholly owned entity under Imperial Holdings Energy and now a 51% owned subsidiary of JP3E, is valued at over $24 million.
- Chesterton, 3X Engineering, and Korea Gas Technology Corporation (KOGAS-Tech), PEC is well positioned to drive JP3E's annual revenues well beyond $100 million within the energy sector realm.
- PEC's current prestigious clientele includes major industry players like Qatar Energy, Shell Oil Company, and Exxon Mobil, positioning the company for exponential growth.