Pact to Add 37 Public-Access CNG Locations to Love’s Network,
Where Customer ‘Appreciate the Stable Pricing that CNG Offers’
Love’s Travel Stops said this morning that it’s reached an agreement to acquire Trillium CNG. The buy will add 37 public-access compressed natural gas fueling locations to the Love’s network, bringing the number of Love’s-operated public CNG facilities to 65.
“The acquisition of Trillium CNG provides Love’s with a great opportunity to leverage the very best of two companies,” Love’s co-CEO Frank Love says in the acquisition release.
“Trillium’s established network of CNG locations and its deep expertise within the industry will also allow Love’s to serve new types of customers in new markets while expanding reach to existing customers,” Love said.
55 Million Gallons Annually by Trillium
“Trillium CNG provides fuel for thousands of natural gas vehicles daily and delivers more than 55 million gallons of CNG per year,” the announcement states.
Love’s said it will begin working with Trillium’s client base, which includes transit authorities, school districts, airport fleets, “as well as the motoring public.” Existing Love’s customers will have the option to fill with CNG at any of the Trillium locations, increasing their options considerably.
‘A First Step’ Toward a More Mature CNG Industry
“Many of our customers, including fleets and motorists, appreciate the stable pricing that CNG offers, so we’ve remained committed to developing our CNG network,” said Frank Love. “We also understand the demand for cleaner-burning fuels remains steady and we want to provide more options.”
“The petroleum retailers at some point have to take over this business,” comments Trillium VP Bill Zobel. “This is a first step in that direction,” he told F&F.
Design and Support Services Too
Love’s notes that Trillium is also a single-source provider of CNG fueling facility design, construction, operational and maintenance services, with technicians who maintain the CNG fueling infrastructure at all locations, ensuring quality product and minimal disruptions.
Founded in 1964, Love’s has more than 360 locations in 40 states. The Trillium acquisition will be made final after regulatory review.
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Source: Love’s Travel Stops with Fleets & Fuels follow-up