Announced
Financials
Tags
Acquisition
Private
Single Bidder
trucking company
Trucking
Friendly
fuel distributor
United States
Private Equity
Pending
Majority
Synopsis
Court Square-backed Offen Petroleum, an independent fuel distributor, agreed to acquire Bosselman Energy, a fuel distributor, and Bosselman Carriers, a trucking company. Financial terms were not disclosed. "This transaction affords us the opportunity to strengthen our Colorado operations while expanding into new geographies and business lines. Nebraska, Kansas and Iowa are adjacent to our core footprint, allowing us to work with our existing suppliers in new territories. We are eager to add propane operations and services to our product offering. The opportunity to deliver propane directly to residential customers complements Offen's purpose of providing energy to improve people's lives," Bill Gallagher, Offen Petroleum CEO.
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