ACON Investments partners with Citla Energy

Citla Energy SAPI de CV, a Mexican independent oil and gas company with offices in Mexico City and Houston, has partnered with affiliates of ACON Investments LLC to actively explore opportunities to participate in the opening of the Mexican energy sector, with a focus on exploration and production activities.

In supporting Citla, ACON brings its experience as an oil and gas investor in the US and Latin America, including offshore exploration, development, and production in the Gulf of Mexico; onshore acquisitions and operations of multiple fields in the continental US, primarily in Texas, Louisiana, Oklahoma, and Mississippi; and onshore exploration and production in Colombia. Citla's management team will contribute its business development and operating experience in the energy sector in Mexico.

ACON manages several private equity funds focused both in the US and Latin America, along with publicly traded trust certificates in Mexico, which include some of the country's largest pension funds as its investors.

Participating in the opening of the Mexico oil and gas sector, Citla Energy seeks to acquire and build a portfolio of selected onshore and offshore assets, both independently and in partnership with other industry participants.

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