Our Businesses

Growing our portfolio through value-creating acquisitions and operational improvements.

Market-leading businesses in energy distribution, digital infrastructure and business services across the Asia-Pacific.

IP&E
44%Market share in retail fuels
Solane
#1LPG brand in consumer preference in the Philippines
IT&E
5GNetworks in Guam and the CNMI
MHI Group
1997Founded, now a one-stop shop at major Philippine airports
IP&E IP&E GBA IPGG IT&E MHI Group

Segment 01Fuels · LPG · Solar

Energy Distribution

Fuels, lubricants and LPG across Micronesia, Hong Kong, Macau and the Philippines — operating across the full value chain from supply and terminals to retail.

Co-investors

ITOCHU & DCC

IP&E service station with FOODY’s convenience store Guam · Saipan · Palau

IP&E

IP&E is the leading fuels and energy provider in Micronesia, operating across Guam, Saipan, and Palau. Acquired from Shell in 2010, IP&E now holds a 44% market share in retail fuels and operates an expansive supply network. The company manages logistics, terminal operations, and the distribution of commercial, aviation, and marine fuels, along with lubricants. As a Shell licensee—recently renewed for 10 more years—IP&E delivers trusted fuel products while adapting to local market needs. Its proprietary FOODY’s convenience stores have redefined the retail experience in the region. IP&E Solar is also Guam’s top EPC and PPA provider, reflecting the company’s commitment to sustainable energy. With a focus on safety, reliability, and innovation, IP&E continues to lead the North Pacific energy sector.

IP&E website
LPG cylinders stacked in an IP&E GBA facility Hong Kong · Macau

IP&E GBA

IP&E GBA is the leading LPG distributor in Hong Kong and Macau, offering trusted brands including Esso, Mobil, and Shell. The business grew from the acquisition of ExxonMobil’s LPG operations in 2021 and a strategic partnership with DCC in 2024, which expanded its brand portfolio and market reach. IP&E GBA operates across the full LPG value chain—supply, trading, marketing, and distribution—serving both piped-in and cylinder LPG markets. With a strong focus on safety, innovation, and sustainability, the company is a trusted energy partner committed to operational excellence and enhancing everyday life.

IP&E GBA website
Isla LPG plant with Solane cylinders Philippines

IPGG

Isla Petroleum and Gas Corporation (IPGG) is a joint venture between Isla Petroleum & Energy (IP&E) and CREASIA Energy Holdings, focused on LPG and energy ventures within the Isla Group. Acquired from Shell in 2012, IPGG is now a leading LPG distributor in the Philippines, operating across the supply chain—from importation and trading to marketing and distribution. Through its subsidiary Isla LPG Corporation, it rebranded Shellane to Solane, now the #1 LPG brand in consumer preference. IPGG also supports fuel conversion systems and piped LPG solutions nationwide. Its other subsidiaries, Isla Gas Terminals (ILG) and Isla Import Terminals (IITI), further strengthen its infrastructure and logistics capabilities. IPGG plays a vital role in advancing safe, reliable, and accessible energy solutions across the country.

Solane website

Segment 02Telecommunications · Data Centers

Digital Infrastructure

Cellular, mobile data and internet services in Guam and the Northern Mariana Islands, and a growing data center platform.

Co-investor

SK Telecom

IT&E technician on a cell tower Guam · CNMI

IT&E

IT&E is a leading provider of cellular, mobile data, and internet services in Guam and the Northern Mariana Islands. IT&E is continuously working to bring world-class services to the region. Recent projects and achievements include the expansion of its 5G network in Guam and the launch of 5G in the CNMI, the construction of buried fiber infrastructure in southern Guam, the deployment of Tarana G1 fixed-wireless technology to expand the accessibility of fiber-class internet speeds in Guam, and a refreshed brand identity that communicates its mission to keep the community connected to who and what matters the most, when it matters the most.

5G in Guam & the CNMI Buried fiber Tarana G1 fixed wireless
IT&E website
Launched 2024

CITADEL Data Centers

Recent acquisitions entering the Data Center business position CITADEL in the fast-growing digital infrastructure industry.

Joint venture · 2021

Turbidite Guam

A joint venture with Turbidite to form Turbidite Guam, providing facilities for data center operations.

Segment 03Aviation · Facilities · Logistics

Business Services

Airline catering, facilities management, warehousing and manpower services through MHI Group.

Catering partner

Gate Gourmet

MHI warehouse staff checking cargo Philippines

MHI Group

MHI is a trusted service provider with deep experience in client-services through its various operating businesses and a track record of long-standing relationships with global blue-chip clients.

Founded in 1997, MHI expanded from ground handling support and became a one-stop-shop for both carriers and passengers across major airports in the Philippines. The company has now diversified to be a leading service provider engaged in airline catering, manpower training and deployment, and warehousing.

MHI business segments

Integrated Facilities Management

Integrated facilities management services in the Philippines: cleaning services, property services and office support services.

xisco.co

Catering

In-flight, lounge, cloud kitchen and food service solutions — in partnership with Gate Gourmet, the world’s largest independent airline catering and logistics provider.

globalcatering.com.ph

Airline General Sales Agent

Carrier representation: cargo and passenger GSA.

Future Facing

Renewable energy and digital infrastructure.

Recent acquisitions entering Solar and Data Center businesses position CITADEL in fast-growing industries — from IP&E Solar, Guam’s top EPC and PPA provider, to CITADEL Data Centers.

Regulatory compliance

Operating within US and regional regulatory frameworks.

  • CFIUS
  • US FCC
  • US EPA