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New Deal


Announced

Completed

JF Petroleum Group completed the acquisition of Buckeye Oil Equipment and Reliable Construction Services.

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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Construction Services

Domestic

Majority

Single Bidder

United States

construction company

liquid handling equipment

Machinery: Specialty

Acquisition

Private

Completed

Friendly

Synopsis

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JF Petroleum Group, a provider of turn-key distribution, construction and service solutions, completed the acquisition of Buckeye Oil Equipment, a distribution company that focuses on the installation of liquid handling equipment, and Reliable Construction Services, a full service construction company specializing in the specific needs of multifamily and commercial real estate. Financial terms were not disclosed. “Reliable Construction Services and Buckeye Oil Equipment are two of the most respected companies serving the petroleum equipment and convenience store industries in the Midwestern United States. They have a strong reputation for quality, precision, and expertise. The combination of Reliable Construction Services, Buckeye Oil Equipment and JF into one team will provide our Midwestern customers with the capabilities, resources, and technical support they need to successfully operate and grow their businesses. Our customers can rest assured that they are partnered with the most sophisticated and technologically advanced solution provider, and we will be ready to support their needs, twenty-four hours per day and seven days per week. We are proud to welcome the employees of Buckeye Oil Equipment and Reliable Construction Services to the JF family,” Keith Shadrick, JF Petroleum Group CEO.

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