Quantum Energy Acquires 100% Stake In Native Son Refinery

Published: May 11 2017
Deal Summary

Quantum Energy, Inc., an energy infrastructure holding company, acquired 100% stake in Native Son Refinery, Inc. (also known as Native Son Refining LLC), a company that has 50% stake in Quantum Native Processing Partners, LLC (QNPP).

QNPP is a 50/50 joint venture between Quantum Energy and Native Son Refinery. QNPP is engaged in the construction and operation of a 40,000 bd refinery in Berthold, North Dakota, the US.

Following the transaction, Quantum Energy holds 100% stake in QNPP. The transaction enables Quantum Energy to strengthen its downstream business operations.

Stan Wilson, chairman of Quantum Energy, said, "We are pleased to have consolidated QNPP and welcome the strength and diversity of Mr. Monday's background and experience to the Quantum team.”

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