Pennybacker announced the closing of the deal in a statement on Thursday.
NFE said on July 1 that it had agreed to sell its liquefaction and storage facility in Miami, Florida to a US middle-market infrastructure fund, without provding the name if the buyer.
In a statement issued on July 9, Pennybacker revealed it was the buyer of the facility.
Pennybacker is a real assets investment manager with about $4 billion in assets under management.
The firm said the Miami LNG business is a strategically located small-scale liquefaction operation, equipped with one liquefaction train that produces up to approximately 8,300 MMBtu per day of LNG.
Also, the facility has three LNG storage tanks with a total capacity of about 1,000 cubic meters.
Pennybacker said the facility is optimized for truck and rail logistics to enable efficient and flexible distribution for its customers.
The Miami LNG business serves the hospitality, industrial, transportation, aerospace, and marine bunkering sectors principally in Florida and the Caribbean islands.
According to Pennybacker, LNG provides on average an estimated 15-40 percent cost advantage over traditional fuels like diesel..
In connection with the acquisition, Pennybacker has appointed Daniel McLaughlin as president and chief commercial officer to lead the Miami LNG business.
The company said McLaughlin has more than 10 years of experience in the energy sector.
