M&A Deal Summary

JF Petroleum Group Acquires RC Development Group

On September 20, 2021, JF Petroleum Group acquired construction company RC Development Group

Acquisition Highlights
  • This is JF Petroleum Group’s 1st transaction in the Construction sector.
  • This is JF Petroleum Group’s 6th transaction in the United States.
  • This is JF Petroleum Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2021-09-20
Target RC Development Group
Sector Construction
Buyer(s) JF Petroleum Group
Deal Type Add-on Acquisition

Target

RC Development Group

Ponte Vedra, Florida, United States
website
RC Development Group is a turnkey construction services company specializing in commercial petroleum applications and environmental services. RC Development Group is based in Ponte Vedra, Florida.

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Buyer(S) 1

Buyer

JF Petroleum Group

Morrisville, North Carolina, United States

website

Category Company
Founded 1945
Sector Distribution
DESCRIPTION

JF Petroleum Group is a turnkey solution provider to the North American fueling infrastructure industry. The company distributes, installs, and services fueling equipment for retail fueling stations, commercial and government fleets, and emergency power customers. JF Petroleum Group was founded in 1945 and is based in Morrisville, North Carolina.

DEAL STATS #
Overall 6 of 12
Sector (Construction) 1 of 6
Type (Add-on Acquisition) 6 of 12
State (Florida) 1 of 3
Country (United States) 6 of 12
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Rittiner Equipment

Metairie, Louisiana, United States

Rittiner Equipment is a full-service provider of petroleum equipment distribution, maintenance and construction services to customers across the Gulf Coast Region of the United States. The company's products and services are delivered to the southeast U.S. with a network of branch offices along with sales and service teams that are strategically located to serve their customer base. Rittiner Equipment was formed in 1955 and is based in Metairie, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-07 Dykstra Construction

Plant City, Florida, United States

Dykstra Construction is a commercially certified, multi-industry contractor specializing in commercial and convenience store construction and petroleum equipment installation and repair. Dykstra Construction is based in Plant City, Florida.

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