New Fortress Energy Taps Lazard, Intrepid to Explore Asset Sales

Billionaire investor Wes Edens’ New Fortress Energy Inc. has hired Lazard Inc. and Intrepid Financial Partners LLC to explore possible assets sales, according to people familiar with the matter, as the company works to get its finances in order.

One or more of the company’s liquefied natural gas assets could be divested, said the people, who requested anonymity because the details aren’t public.

New Fortress and Lazard declined to comment. Intrepid didn’t immediately respond to a request for comment.

New Fortress has struggled with looming debt and project delays that have stalled significant cash flow. Its long-term debt has ballooned ...