M&A Deal Summary

Associated Asphalt Acquires Axeon Marketing

On February 9, 2017, Associated Asphalt acquired marketing company Axeon Marketing from Axeon SP

Acquisition Highlights
  • This is Associated Asphalt’s 1st transaction in the Marketing sector.
  • This is Associated Asphalt’s 2nd transaction in the United States.
  • This is Associated Asphalt’s 1st transaction in Texas.

M&A Deal Summary
Date 2017-02-09
Target Axeon Marketing
Sector Marketing
Buyer(s) Associated Asphalt
Sellers(s) Axeon SP
Deal Type Divestiture

Target

Axeon Marketing

San Antonio, Texas, United States
Axeon Marketing LLC is a marketer of liquid asphalts and polymer modified asphalts through 13 terminals along the East Coast from Florida to New York.

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Buyer(S) 1

Buyer

Associated Asphalt

Roanoke, Virginia, United States
Category Company
Founded 1948
Sector Building Materials
DESCRIPTION

Associated Asphalt is a independent liquid asphalt resellers in the United States. Associated Asphalt owns and operates ten terminal and storage facilities throughout the Southeast and Mid-Atlantic. The company sells liquid asphalt primarily to paving contractors for road and highway construction and maintenance.

DEAL STATS #
Overall 2 of 2
Sector (Marketing) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 SEACO

Columbia, South Carolina, United States

SEACO, Inc. is a manufacturer and seller of cold mix asphalt emulsions.

Buy -

Seller(S) 1

SELLER

Axeon SP

Stamford, Connecticut, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Axeon SP provides an array of petroleum-related specialty products through its refineries and network of company-owned and leased terminals, along with robust and comprehensive technical support services.

DEAL STATS #
Overall 1 of 1
Sector (Marketing) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
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