Divestiture • Marketing

Associated Asphalt Acquires Axeon Marketing

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date February 9, 2017
Target Axeon Marketing
Sector Marketing
Buyer(s) Associated Asphalt
Sellers(s) Axeon SP
Deal Type Divestiture

Target Company

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 Overview 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. Associated Asphalt was founded in 1948 and is based in Roanoke, Virginia.


Deal Context for Buyer #
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.

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Seller Profile 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 Context for Seller #
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