M&A Deal Summary

Cadence Petroleum Group and Apollo Oil Acquire Veteran s Oil

On October 10, 2017, Cadence Petroleum Group and Apollo Oil acquired distribution company Veteran s Oil

Acquisition Highlights
  • This is Cadence Petroleum Group’s 1st and Apollo Oil’s 1st transaction in the Distribution sector.
  • This is Cadence Petroleum Group’s 1st and Apollo Oil’s 1st transaction in the United States.
  • This is Cadence Petroleum Group’s 1st and Apollo Oil’s 1st transaction in Alabama.

M&A Deal Summary

Date 2017-10-10
Target Veteran s Oil
Sector Distribution
Buyer(s) Cadence Petroleum Group
Apollo Oil
Deal Type Add-on Acquisition

Target

Veteran s Oil

Bessemer, Alabama, United States
Veteran's Oil is a distributor of nationally branded and private label fuels, finished lubricants, antifreeze, and other ancillary product lines throughout Alabama and Georgia.

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Buyer(S) 2

Buyer

Cadence Petroleum Group

Asheboro, North Carolina, United States

Category Company
Founded 1947
Sector Distribution
DESCRIPTION

Cadence Petroleum Group is a distributor of lubricants, fuel, antifreeze, diesel exhaust fluid, and other ancillary products for the eastern and central United States. Cadence Petroleum Group was founded in 1947 and is based in Asheboro, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Alabama M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
Buyer

Apollo Oil

Winchester, Kentucky, United States

Category Company
Founded 1972
Sector Oil/Gas Exploration
DESCRIPTION

Apollo Oil LLC is provider of lubricant products and services. Apollo Oil was founded in 1972 and is based in Winchester, Kentucky.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Alabama M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1