It could be a conjurer’s trick: turning warm gas into chilly liquid.
But at Kinetrex Energy, the conversion is not sleight of hand but a high-tech, multimillion-dollar engineering process at two sprawling plants, one on the northwest side of Indianapolis and the other in Beech Grove.
Kinetrex Energy continues to grow its team with the hiring of three employees. Headquartered in Indianapolis, Kinetrex provides businesses with a portfolio of affordable and reliable energy in the form of liquefied natural gas (LNG), traditional pipeline gas, and renewable natural gas (RNG).
The Midwest’s largest supplier of liquefied natural gas (LNG) earns a top honor from the Indiana chapter of the Association for Corporate Growth (ACG). Kinetrex Energy, previously owned by Citizens Energy Group, was purchased by Chicago-based Parallel49 Equity in December 2016. ACG seeks award recipients that achieve great things within Indiana’s economy and community.
Parallel49 Equity is pleased to announce the acquisition, in partnership with management, of Kinetrex Energy (“Kinetrex” or the “Company”), from Citizens Resources (“Citizens”). Kinetrex represents the sixth platform investment by Parallel49 Equity Fund V.