M&A Deal Summary

Approved Oil Co. Acquires Associated Fuel Co.

On October 4, 2019, Approved Oil Co. acquired energy services and equipment company Associated Fuel Co.

Acquisition Highlights
  • This is Approved Oil Co.’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Approved Oil Co.’s 2nd transaction in the United States.
  • This is Approved Oil Co.’s 2nd transaction in New York.

M&A Deal Summary

Date 2019-10-04
Target Associated Fuel Co.
Sector Energy Services and Equipment
Buyer(s) Approved Oil Co.
Deal Type Add-on Acquisition

Target

Associated Fuel Co.

Briarcliff Manor, New York, United States
Associated Fuel Co. is a small to mid-size oil marketer serving the five boroughs and Westchester County since the early 1990s.

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Buyer(S) 1

Buyer

Approved Oil Co.

Brooklyn, New York, United States

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 2 of 4
Sector: Energy Services and Equipment M&A 2 of 3
Type: Add-on Acquisition M&A Deals 2 of 3
State: New York M&A 2 of 4
Country: United States M&A 2 of 4
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 Hunts Point Fuel and Brite Fuel

Mount Vernon, New York, United States

Hunts Point Fuel Corp. and Brite Fuel Corp. delivers oil heat, natural gas, and electricity and help New Yorkers of all kinds — landlords, business owners, homeowners, and tenants — with their heating and electricity needs. Hunts Point Fuel Corp. and Brite Fuel Corp. was founded in 1952 and is based in Mount Vernon, New York.

Buy -
FOLLOWING 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 -