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New Deal


Announced

Saltchuk-backed NorthStar Energy to acquire CityServiceValcon from Oaktree and Westfall.

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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Private

Pending

Domestic

United States

Oil Equipment and Services

fuel distributor

Single Bidder

energy transportation

Private Equity

Acquisition

Friendly

Majority

Synopsis

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Saltchuk-backed NorthStar Energy, a business operating unit, agreed to acquire CityServiceValcon, a distributor of fuel, propane and lubricants, from investment managers Oaktree and Westfall. Financial terms were not disclosed. “Throughout the history of our company, it has always been our vision to grow and expand our business through honesty and integrity, maintain a strong capital foundation, provide a great environment for our employees, and give back to our communities. Becoming part of the NorthStar Energy family helps us achieve this vision and we look forward to this partnership," Tim O’Neal, CityServiceValcon President.

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