North Yorkshire-based CNG Group has appointed Interpath Advisory to explore its options amid the surging wholesale energy prices.
The company, which is backed by Anglo-Swiss commodity trading giant Glencore, is a gas supplier for SMEs and also provides shipping services.
According to Sky News, the advisors will run a process that could involve a break-up or outright sale.
Based on information publicly available on the company’s social media channels, CNG has currently 50,000 customers and supplies almost one million meter points.
It also employs a team of 200 people.
A CNG spokesperson said: “CNG remains solvent, but the market conditions have led to the Board considering strategic options and so we have appointed Interpath Advisory to help with that evaluation.”