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  6. Approved Oil Co. Acquires Hunts Point Fuel and Brite Fuel

M&A Deal Summary

Approved Oil Co. Acquires Hunts Point Fuel and Brite Fuel

On October 22, 2018, Approved Oil Co. acquired energy services and equipment company Hunts Point Fuel and Brite Fuel

Acquisition Highlights
  • This is Approved Oil Co.’s 1st transaction in the Energy Services and Equipment sector.
  • This is Approved Oil Co.’s 1st transaction in the United States.
  • This is Approved Oil Co.’s 1st transaction in New York.

M&A Deal Summary
Date 2018-10-22
Target Hunts Point Fuel and Brite Fuel
Sector Energy Services and Equipment
Buyer(s) Approved Oil Co.
Deal Type Add-on Acquisition

Target

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.

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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 1 of 4
Sector: Energy Services and Equipment M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
State: New York M&A 1 of 4
Country: United States M&A 1 of 4
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-04 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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