Ozinga Brothers has received financing from GE Capital to help it purchase and utilize GE’s CNG in a Box system.
Mokena, IL-based Ozinga provides ready-mix concrete, decorative concrete supplies and bulk materials throughout the Midwest. It also offers transportation services through an extensive network of truck, rail, barge and ship terminals.
Following a successful test of CNG-powered concrete mixers in 2011, Ozinga committed to switching its fleet of approximately 500 concrete mixer trucks to CNG by 2020.
“Once we began operating CNG trucks, we quickly realized the value of adding natural gas fuel to our operations because it’s abundant and affordable,” said Marty Ozinga IV, president of the fourth-generation family-owned company. “This is one more step on the path to achieving energy independence and expanding the use of alternative energy in the Chicago area.”
Ozinga plans to install four CNG In A Box systems, which are plug-and-play on-site CNG fueling stations developed by GE Oil & Gas in collaboration with Chesapeake Energy Corporation.
“We’re very pleased to help Ozinga accelerate the adoption of natural gas-powered commercial vehicles,” said Eric Dusch, equipment finance chief commercial officer at GE Capital, Corporate Finance. “This transaction brings together innovative solutions from GE Oil & Gas and GE Capital to help an American business grow and expand.”
In addition to GE Capital, Corporate Finance serving as a major underwriter on Ozinga’s equipment loan, GE Capital’s Equipment Finance business will provide the funds needed to acquire and install the CNG In A Box systems.
