M&A Deal Summary

Approved Oil Acquires Star Industrial Service

On August 31, 2021, Approved Oil acquired energy services and equipment company Star Industrial Service

Acquisition Highlights
  • This is Approved Oil’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Approved Oil’s 4th transaction in the United States.
  • This is Approved Oil’s 4th transaction in New York.

M&A Deal Summary

Date 2021-08-31
Target Star Industrial Service
Sector Energy Services and Equipment
Buyer(s) Approved Oil
Deal Type Add-on Acquisition

Target

Star Industrial Service

Brooklyn, New York, United States
Star Industrial Service's mission is to maintain the comfort of their customers' buildings, prolong the life of their heating equipment, and reduce energy costs. Star Industrial Service is based in Brooklyn, New York.

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Buyer(S) 1

Buyer

Approved Oil

Brooklyn, New York, United States

website


Category Company
Founded 1932
Sector Energy Services and Equipment
Employees150
DESCRIPTION

Approved Oil Co. provides New York City's residents and businesses with intelligent energy solutions that drive down costs while promoting efficiency and enhancing comfort. Approved Oil Co. was founded in 1932 and is based in Brooklyn, New York.


DEAL STATS #
Overall 4 of 4
Sector (Energy Services and Equipment) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (New York) 4 of 4
Country (United States) 4 of 4
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 Original Energy - Heating Oil and Service Division

Port Chester, New York, United States

Original Energy - Heating Oil and Service Division offers unsurpassed purchasing power and low prices and has been offering customers complete transparency and confidence in our ability to deliver in the New York metro market for over 80 years.

Buy -