M&A Deal Summary

Empire Petroleum Holdings Acquires Atlas Oil - Retail Business

On January 12, 2015, Empire Petroleum Holdings acquired oil/gas exploration company Atlas Oil - Retail Business from Atlas Oil Co.

Acquisition Highlights
  • This is Empire Petroleum Holdings’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Empire Petroleum Holdings’ 7th transaction in the United States.

M&A Deal Summary

Date 2015-01-12
Target Atlas Oil - Retail Business
Sector Oil/Gas Exploration
Buyer(s) Empire Petroleum Holdings
Sellers(s) Atlas Oil Co.
Deal Type Divestiture

Target

Atlas Oil - Retail Business

United States
Atlas Oil - Retail Business is a provider of retail fuel services.

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Buyer(S) 1

Buyer

Empire Petroleum Holdings

Dallas, Texas, United States

Category Company
Founded 1998
Sector Distribution
DESCRIPTION

Empire Petroleum Holdings LLC is a distributor of fuel and fuel products on the East Coast. Empire Petroleum operates as a wholesaler between petroleum companies and retail gas stations. Empire Petroleum Holdings was founded in1998 and is based in Gaithersburg, Maryland.


DEAL STATS #
Overall 7 of 10
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 4
Country: United States M&A 7 of 10
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-24 Mansfield Oil Co.

Gainesville, Georgia, United States

Mansfield Oil Co., Inc. is a national dealer-focused fuel distributor which services over 1,100 accounts in 26 states in the continental United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Triple A Fuels - Distribution Contracts

Texas, United States

Triple A Fuels - Distribution Contract includes supplies branded fuel to gas stations.

Buy -

Seller(S) 1

SELLER

Atlas Oil Co.

Taylor, Michigan, United States

Category Company
Sector Transportation
DESCRIPTION

Atlas Oil is a national fuel supply, logistics and services company delivering comprehensive solutions to customers throughout the distribution lifecycle, from crude oil E & P companies to refineries to commercial end users nationwide.


DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: United States M&A 2 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-17 Atlas Oil Co - Wholesale Motor Fuel Supply Contracts & Motor Fuel Stations

United States

Atlas Oil Co - Wholesale Motor Fuel Supply Contracts & Motor Fuel Stations are all located in the metro Chicago area and are all branded BP locations. The 55 wholesale supply contracts have a weighted average term remaining of approximately 15 years. The 11 fee or leasehold sites are all currently leased to third party commission agents.

Sell $50M