Announced
Completed
Financials
Tags
Majority
petroleum equipment
Completed
Friendly
Private
Private Equity
Acquisition
United States
Gas Distribution
Single Bidder
Domestic
Synopsis
Kian Capital-backed SPATCO, a supplier, installer and maintenance provider for fueling stations and EV charging infrastructure, completed the acquisition of Petro Supply, a distributor of petroleum equipment. Financial terms were not disclosed. “We are proud of the differentiated platform we’ve developed and that highly-respected business owners like Galen, Brandon and Kevin are entrusting SPATCO as a partner to continue their legacies. The strength of their respective teams is undeniable and will provide a huge leap forward in our strategy to be the top integrated platform in the country for the petroleum convenience store and EV markets,” John Force, SPATCO President and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.