Epic Gas Completes Acquisition Of LPG Carrier

Published: Apr 20 2017
Deal Summary

Epic Gas Ltd., an offshore services company, completed the acquisition of a liquefied petroleum gas (LPG) carrier vessel. The company finance the transaction with cash on hand and bank debt.

The vessel was built in 2009 at Murakami Hide Shipbuilding. The vessel has a capacity to carry 7,500 cbm of LPG. Following the completion of the acquisition, Epic Gas’s total fleet will be increased to 42 vessels, with a total capacity of 276,400 cbm. The transaction enables Epic Gas to increase its vessels fleet.

Deal history

Completed: Effective June 2017, Epic Gas completed the acquisition of an LPG carrier vessel.

Announced: On April 20, 2017, Epic Gas entered into an agreement to acquire an LPG carrier vessel.

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