Quarles Petroleum - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Quarles Petroleum M&A Summary

Quarles Petroleum has acquired 5 companies, including 2 in the last 5 years. It has also divested 1 asset.

It’s largest disclosed sale occurred in 2022, when it sold Quarles Petroleum - Retail Propane Distribution and Refined Fuels Assets to Superior Plus for $145M. Quarles Petroleum has acquired in 1 US state. The Company’s most targeted sectors include oil/gas exploration (100%).

Quarles Petroleum Business Overview

Where is Quarles Petroleum headquartered?

Quarles Petroleum is headquartered in Fredericksburg, Virginia.

What sector is Quarles Petroleum in?

Quarles Petroleum is an oil/gas exploration company.

When was Quarles Petroleum founded?

Quarles Petroleum was founded in 1940.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

Quarles Petroleum, Inc.

1701 Fall Hill Avenue,
Fredericksburg, Virginia 22401
United States,
(540) 371-2400
www.quarlesinc.com

Quarles Petroleum, Inc. is a provider of oil and gas exploration services. It major product lines are residential propane and oil, commercial delivered fuels, fleet card sites and services, and lubricants.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 1 - - - - 5
Sell (0.2/yr) # - - - 1 - - 1
vol $145M $145M
  6

Most Recent M&A

Company Date Value Type
Quarles Petroleum, Inc. - Retail Propane Distribution and Refined Fuels Assets 2022-03-28 145M USD Divestiture
Fredericksburg, Virginia
Dixie Gas & Oil Corp. 2020-10-26 - Add-on Acquisition
Verona, Virginia · www.dixiegas.com
PAPCO, Inc. - Propane Business 2019-06-27 - Divestiture
Virginia Beach, Virginia
Revere Gas 2018-12-04 - Add-on Acquisition
Hartfield, Virginia · www.reveregas.com
Whiting Oil Co. 2015-10-13 - Divestiture
Culpeper, Virginia
Northern Neck Oil Co., Inc. 2015-10-13 - Divestiture
Warsaw, Virginia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 5 (100%) - 1 (100%) 145M (100%)
Total 5 - 1 $145M

By Geo

State/Country Buy Value Sell Value
United States 5 - 1 145M
  Virginia 5 - 1 145M
Total 5 - 1 $145M

Deal Values

sell # Total
$100M to $1B 1 $145M
TOTAL $145M
Largest Quarles Petroleum, Inc. - Retail Propane Distribution and Refined Fuels Assets
$145M (2022-03-28)

M&A Connections

Deals
Acquired from
Strategic(s)
60%
3 (60%)
Divested to
Strategic(s)
100%
1 (100%)

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