One step forward in Galileo’s globalization strategy
The Management of Galileo Group led by Osvaldo del Campo (CEO) have established a strategic partnership with Blue Water Energy and acquired the entire share capital of the Company from erstwhile shareholders.
Galileo Group’s core capabilities include the development of goods and services for the natural gas, biogas and hydrogen value chains, making the production, transportation and consumption economically feasible through unconventional methods. The company provides innovative and leading technological solutions to its customers, enabling them to achieve more efficient energy supply chains and thereby reduce costs and have a positive environmental impact.
Under the new partnership with BWE, the Company has established a new holding company in London (Galileo Global Technologies) and plans to embark upon a series of growth initiatives, including the commissioning of a new plant in the city of San Martin, Buenos Aires, in July. This plant will be dedicated exclusively to the manufacturing of customers’ products, consolidating the Company’s operational control over its supply chain.
Driven by the recent success of Galileo’s proprietary Cryobox® technology in converting flared gas into a usable fuel source, from production assets in Bakken, North Dakota, the Company is witnessing increased demand from that region. To address this, the Company is also planning to build an enlargement to its Los Angeles manufacturing facility to incorporate production lines for Cryobox LNG Nano stations and thereby provide more efficient solutions to its customers.
About Blue Water Energy
Founded in 2011, Blue Water Energy is a leading global middle market energy private equity firm based in London.
The firm primarily targets private equity investments in the global energy supply chain, while partnering with best-in-class management teams and utilising a network of seasoned investment and operating professionals.
Its Partners have on average 25 years of relevant experience and, complemented by a seasoned investment team, the Blue Water Energy investment team possess combined experience spanning over 160 years.
Blue Water Energy LLP currently manages and advises its flagship fund, Blue Water Energy Fund I/IA, L.P., with a total capital commitment of $861mm.