Falcon Corporation Limited has announced a major investment from Energy& LLP, a subsidiary of EverCorp Industries, marking a significant milestone in its efforts to scale operations across Nigeria’s gas value chain.
According to a statement on Wednesday, the deal, announced in Lagos on 12 November, follows the acquisition of BKM & S Konsult Limited’s equity stake in Falcon Corporation by Energy& LLP.
Falcon said the new investment underscores Energy& LLP’s confidence in Nigeria’s gas sector and the crucial role of indigenous companies in building infrastructure to support industrialisation, enhance energy security and drive the nation’s transition to cleaner and more efficient energy sources.
Founded by Professor Joe Ezigbo and Audrey Joe-Ezigbo, Falcon Corporation operates in pipeline gas infrastructure, natural gas sourcing and supply, and liquefied petroleum gas storage, sales and distribution. The company said it had maintained a strong presence in Nigeria’s energy landscape for more than 31 years.
Speaking on the transaction, the Deputy Managing Director and Co-Founder, Audrey Joe-Ezigbo, described the partnership as “a timely and strategic step that reinforces Falcon Corporation’s long-term vision to deepen its investments across the gas value chain while maintaining its strong indigenous footprint.”
She added that the investment positions the company to expand its gas pipeline and distribution network, accelerate work on its large-scale LPG storage and jetty facility in Rivers State, and enhance supply reliability, operational efficiency and safety across its gas assets while driving growth across its core business segments.
Managing Director and Founder, Prof Joe Ezigbo, also expressed satisfaction with the successful close of the deal, saying, “This partnership represents more than a financial investment; it is a strategic alignment that supports Nigeria’s goal of increasing domestic gas utilisation and delivering cleaner, more affordable energy to industries and households, and aligns with Falcon Corporation’s broader ambition to build a resilient, future-ready energy enterprise.”
He noted that the collaboration would help Falcon leverage new synergies to deliver greater value to customers, partners and the wider industry.
Falcon’s Chief Financial Officer, Nelson Walter, who coordinated stakeholder engagements for the deal, described the process as both “exciting and rigorous”, noting that “the successful transaction provides Falcon with additional capital to accelerate its growth plans and further strengthen its position within Nigeria’s gas value chain.”
Chief Strategy Officer of EverCorp Industries, Tsola Barrow, said, “Energy& LLP’s investment in Falcon Corporation reflects our commitment to building businesses that have real impact on national development. Gas is central to Nigeria’s industrial growth and its transition to cleaner and more efficient energy sources. Falcon Corporation has demonstrated consistent leadership and resilience for more than three decades. Supporting its next phase of expansion is aligned with our philosophy of building and backing companies that strengthen infrastructure, deepen energy access and create long-term economic value.”
Falcon confirmed that all contractual and regulatory approvals have been secured, including those from the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Federal Competition and Consumer Protection Commission.
It was added that Vetiva Advisory Services served as financial advisers, while Detail Solicitors provided legal counsel to Falcon Corporation. Templars served as solicitors to Energy& LLP.
According to Falcon, the investment underscores the continued attractiveness of Nigeria’s gas sector and reinforces its position as a trusted indigenous energy company poised for accelerated growth.
Falcon Corporation is a licensed local distribution company responsible for building and operating gas infrastructure for industrial and commercial clients in Ikorodu, Lagos State. The company also operates in the LPG subsector and is part of the Optimera Energy consortium currently executing a 20-year Gas Infrastructure Development Project for the Lagos Free Zone Company
