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Announced

Completed

Hartree Partners completed the acquisition of Sprague Resources from Axel Johnson.

Financials

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Transaction Value£204m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium27.3%
One Off Charge-

Tags

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Majority

Integrated Oil and Gas

Single Bidder

natural gas

gasoline

Domestic

heating oil

Acquisition

biofuels

United States

Private Equity

Friendly

Completed

Public

Synopsis

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Hartree Partners, a private equity firm, completed the acquisition of Sprague Resources, a supplier of energy products and related services, from Axel Johnson, an industrial group, for $290m. “This change in ownership marks a significant point in our history. Antonia Ax:son Johnson has been a supportive owner for 50 years and we’re forever grateful for her stewardship and commitment to our success. We now look forward to the opportunity to partner with Hartree in the next stage of our growth," David Glendon, Sprague President and CEO.

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