First Reserve-backed Palmdale Oil to acquire Maassen Oil.

First Reserve-backed Palmdale Oil, a provider of fuels, propane, lubricants, and chemicals with delivery solutions across the state of Florida, agreed to acquire Maassen Oil, a Florida-based distributor of refined fuel, lubricants, and propane. Financial terms were not disclosed. "Like Palmdale, Maassen is a family-owned business that prioritizes personalized customer service. This partnership will enhance our transportation efficiency, and allow us to maintain our exceptional service standards, while reaching more customers within the Tampa and Fort Myers regions," Lachlan Cheatham, Palmdale CEO.