September 08, 2021
4Refuel Acquires Ownership Interest in ComTech Energy
We are excited to announce effective September 1, 2021, Finning International, and its subsidiary 4Refuel, have become an investor in ComTech Energy to expand their fuelling capabilities beyond diesel and allow them to support customers through their energy transition, starting with CNG and RNG, and eventually hydrogen.
This partnership will help us scale into Gas-as-a-Service, achieve our vision and advance our strategic position in the market. ComTech’s ability to be bold, innovative, flexible, and customer focused, has been an integral part in pursuing our vision of leading the transition to renewable energy for a cleaner, more sustainable future.
Founded in 1995, 4Refuel is the leader in mobile diesel fuel delivery in North America, with over 6,000 customers. 4Refuel is owned by Finning International, the world’s largest Caterpillar equipment dealer, headquartered in Vancouver, BC. Finning has over 12,000 employees and offices across Canada, UK and Ireland, and in South America.
With the increasing demand to lower emissions in the transportation, oil & gas, mining, construction, and industrial sectors, 4Refuel sought a strategic partner that could deliver innovative solutions and strong customer service to both new and existing clients, while allowing them to increase productivity, reduce operating costs and lower emissions. They determined that ComTech had the right expertise, mindset, and cultural fit to expand 4Refuel’s fuelling capabilities beyond diesel as their customers transition to lower carbon fuels.
“The combination of Finning, 4Refuel and ComTech provides a vertically integrated, end-to-end energy transition platform for new and existing customers that is unique in the industry. I am incredibly excited about the potential opportunities this presents for us in the years to come.” said James Ro, President of ComTech Energy.
Over the coming weeks and months, we will be able to share more information about this important partnership. It is a very exciting time for us, and we are proud to help lead the energy transition.