# Elgi USA forms G3 Compressors joint venture with Chad Gooding

ELGi USA, a subsidiary of Elgi Equipments, formed G3 Compressors, LLC, a North Carolina joint venture with 50% ownership held by Chad Gooding, with a proposed total investment of $100,000 in Class A shares.

- Type: Acquisition
- Announced: 2020-10-15
- Where: North Carolina, United States
- Value: $100K
- Status: announced
- Products: compressors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Elgi Equipments](https://endata.com/companies/1552.md) (investor)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/elgi-usa-forms-jv-g3-compressors-with-chad-gooding-120101501276_1.html), 2020-10-15: "Elgi Equipments announced that its subsidiary, Elgi Compressors USA Inc, (ELGi USA) has formed a Joint Venture Company by name G3 Compressors, LLC, a North Carolina Limited Liability Company"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.