M&A Deal Summary

Industrial Enterprises of America Acquires Pitt Penn Oil

On January 18, 2006, Industrial Enterprises of America acquired energy services and equipment company Pitt Penn Oil

Acquisition Highlights
  • This is Industrial Enterprises of America’s 1st transaction in the Energy Services and Equipment sector.
  • This is Industrial Enterprises of America’s 1st transaction in the United States.
  • This is Industrial Enterprises of America’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2006-01-18
Target Pitt Penn Oil
Sector Energy Services and Equipment
Buyer(s) Industrial Enterprises of America
Deal Type Add-on Acquisition

Target

Pitt Penn Oil

Creighton, Pennsylvania, United States
Pitt Penn Oil Co. LLC is a provider of automotive products include engine oils, transmission fluids, gear oils, hydraulic fluids, antifreeze, windshield washer solvent, brake fluid, and gasoline additives.

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Buyer(S) 1

Buyer

Industrial Enterprises of America

New York, New York, United States

Category Company
Founded 1974
Sector Chemicals
Employees90
DESCRIPTION

Industrial Enterprises of America, Inc. is an automotive aftermarket supplier that specializes in the sale of anti-freeze, auto fluids, charcoal fluids, and other additives and chemicals. The company has distinct proprietary brands that collectively serve the retail, professional and discount automotive aftermarket channels.


DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Pennsylvania) 1 of 2
Country (United States) 1 of 2
Year (2006) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 Fire 1st Defense

Berwyn, Pennsylvania, United States

Fire 1st Defense LLC is an innovative company that markets and sells consumer friendly fire extinguishers/suppressant.

Buy $500M