Haeyang Energy Co., Ltd.

Based in South Korea, Haeyang Energy Co. , Ltd. specializes in urban gas services, focusing on the supply and distribution of natural gas to various clientele including residential, commercial, and industrial sectors. Founded in 1982 and headquartered in Gwangju, South Korea, Haeyang Energy Co.

, Ltd. is a leading provider of urban gas services. The company experienced a significant shift in ownership in July 2021 when Macquarie Private Equity Korea acquired a full ownership stake for KRW 798 billion. Under the leadership of CEO Hoe Jung, Haeyang Energy has executed 2 deals, with the latest deal being the Secondary Buyout, representing the entire amount raised of KRW 798 billion.

Haeyang Energy Co. , Ltd. specializes in the provision of urban gas services, primarily managing the supply and distribution of natural gas to residential, commercial, and industrial clients. Their core offerings include advanced Remote Terminal Units (RTUs), which are communication devices installed in gas pressure regulation stations.

RTUs collect and transmit data regarding gas supply status, leakage detection, and access control to a central monitoring system, thereby ensuring 24/7 safety and reliability in gas management. The company has successfully integrated its RTUs in 288 locations, enhancing remote monitoring capabilities since their introduction in 1983. Furthermore, Haeyang Energy is actively involved in the development of renewable energy technologies to support its green initiatives, catering to clients throughout the Gwangju Metropolitan City and eight cities in Jeollanam-do province, South Korea. In 2024, Haeyang Energy reported a revenue of KRW 529,739,745.

4 and an EBITDA of KRW 41,628,328. 3. The company operates a business model centered on B2B transactions, supplying urban gas to various sectors, including residential houses, businesses, and industrial facilities. Revenue is generated through gas supply agreements, installation and maintenance services, and the provision of specialized products such as RTUs and associated systems for efficient gas management.

The firm also engages in partnerships with local governments and institutions for safety management and infrastructure development, contributing to its revenue streams. Haeyang Energy is focused on enhancing its product offerings and expanding its market presence. The company is currently designing new renewable energy technologies, with plans for launch by mid-2025. Additionally, it aims to expand its services beyond the current regions, targeting markets in the wider Jeollanam-do province and potentially into neighboring countries by 2026.

The recent acquisition by Macquarie Private Equity Korea will facilitate these expansion efforts, bolstered by the KRW 798 billion investment, which will be directed towards R&D and market entry strategies.