M&A Deal Summary

Irving Oil Acquires North Atlantic Refining

On May 28, 2020, Irving Oil acquired oil/gas exploration company North Atlantic Refining

Acquisition Highlights
  • This is Irving Oil’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Irving Oil’s 1st transaction in Canada.
  • This is Irving Oil’s 1st transaction in Newfoundland.

M&A Deal Summary
Date 2020-05-28
Target North Atlantic Refining
Sector Oil/Gas Exploration
Buyer(s) Irving Oil
Deal Type Add-on Acquisition

Target

North Atlantic Refining

St. John's, Newfoundland, Canada
North Atlantic Refining Corp. provides a reliable supply of fuel products to businesses and consumers across Newfoundland with its deep-water terminal location and a network of retail assets, including both company and dealer sites. North Atlantic is based in St. John's, Newfoundland.

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Buyer(S) 1

Buyer

Irving Oil

Saint John, New Brunswick, Canada
Category Company
Founded 1924
Sector Oil/Gas Exploration
DESCRIPTION

Irving, Irving Oil is a family-owned and privately-held regional energy processing, transporting, and marketing company headquartered in Saint John, New Brunswick, Canada, with U.S. marketing operations in Portsmouth, New Hampshire. With over 900 fueling locations, operations from eight distribution terminals, and a delivery fleet of tractor-trailers, Company serve wholesale, commercial, and retail customers in Atlantic Canada, Quebec, and New England.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Newfoundland) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Top Oil

Dublin, Ireland

Tedcastle Group of Co. is a provider of home heating oil and fuel products. Tedcastle Group was founded in 1813 and is based in Dublin, Ireland.

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