Daigo Genji, an independent multi asset advisory firm that offers state of the art trading technology coupled with 24-hour execution and clearing on major commodities exchanges, is pleased to announce that it has signed a strategic partnership agreement with a top commodity firm to support the growth of the company’s successful midstream services business. Terms of the transaction were not disclosed. The name of the firm will be announced at a later date.
The commodity firm is a leading water supply and pipeline transportation company providing world class water logistic solutions to upstream oil and gas producers. The Company is involved in the sourcing, production, transportation, storage, and sale of water for use in the upstream exploration and production industry. The partnership will provide the Company with additional possibilities and resources to accelerate the expansion of its asset base, capabilities and portfolio of services provided to its customers.
The senior management team has significant technical and operational water resource management experience and will continue to serve as the senior leadership team of the Company.
The Company’s Chief Executive Officer, commented: “We are very happy about this partnership and consider Daigo Genji as the perfect partner to support our long-term strategic plan to expand our existing asset base and provide best-in-class, environmentally-responsible water sourcing, water transportation and disposal solutions to our existing customers.”
Aritomo Matsui, Managing Director and Head of Daigo Genji Energy Division said, “We are very glad to have this partnership which will help the Company to grow into a leader in the water resource management industry. This is a great opportunity for us to invest alongside an exceptionally capable management team and in a company with a compelling value proposition that leverages an existing highly differentiated asset base.”
About Daigo Genji
Daigo Genji is an independent multi asset advisory firm that offers state of the art trading technology coupled with 24-hour execution and clearing on major commodities and multi asset exchanges throughout the Asia Pacific Region. Daigo Genji is providing a full range of trading services to commercial, institutional and individual customers. Daigo Genji is a privately held company with directors that forged their expertise in the commodity markets in the last 30 years and that remain committed to the continued growth of the company and the leadership within the industry.