Add-on Acquisition • Oil/Gas Exploration

800 Commerce Acquires Petrogres Co.

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

Acquisition Context

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

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M&A Deal Summary
Date	March 7, 2016
Target	Petrogres Co.
Sector	Oil/Gas Exploration
Buyer(s)	800 Commerce
Deal Type	Add-on Acquisition

Target Company

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 Overview 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 Context for Buyer	#
Overall	1 of 1
Sector: Oil/Gas Exploration	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Greece	1 of 1
Year: 2016	1 of 1

Explore Related M&A Activity

Oil/Gas Exploration M&A - Add-on Acquisition M&A Deals - Greece M&A - 2016 M&A