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New Deal


Announced

Court Square-backed Offen Petroleum to acquire Bosselman Energy.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Single Bidder

trucking company

Trucking

Friendly

fuel distributor

United States

Private Equity

Pending

Majority

Synopsis

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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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