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  5. 800 Commerce Acquires Petrogres Co.

M&A Deal Summary

800 Commerce Acquires Petrogres Co.

On March 7, 2016, 800 Commerce acquired oil/gas exploration company Petrogres Co.

Acquisition Highlights
  • This is 800 Commerce’s 1st transaction in the Oil/Gas Exploration sector.
  • This is 800 Commerce’s 1st transaction in Greece.

M&A Deal Summary
Date 2016-03-07
Target Petrogres Co.
Sector Oil/Gas Exploration
Buyer(s) 800 Commerce
Deal Type Add-on Acquisition

Target

Petrogres Co.

Piraeus, Greece
Petrogres Co., Ltd. has become a majority player as a shipping and oil trading company in West Africa. The company presently owns and operates four vessels in separate subsidiaries operating as a merchant of crude oil and oil products. By combining regional market knowledge and excellence with over 25 years of shipping experience the Company has earned a reputation for reliably marketing and moving petroleum products primarily in West Africa with immediate plans for expansion through new LNG (Liquid Natural Gas) vessel builds.

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Buyer(S) 1

Buyer

800 Commerce

West Palm Beach, Florida, United States
Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

800 Commerce Inc. is a fully reporting company and provider of merchant processing and mobile commerce solutions. Company was founded for the purpose of marketing credit card processing services on behalf of merchant payment processing service providers. The Company generates revenue from the marketing of credit processing services by way of fees received from merchant payment processing service providers on whose behalf the Company brokers their processing services.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Greece M&A 1 of 1
Year: 2016 M&A 1 of 1
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