M&A Deal Summary

JF Petroleum Group Acquires Ans Distributing

On July 1, 2016, JF Petroleum Group acquired distribution company Ans Distributing from KLH Capital

Acquisition Highlights
  • This is JF Petroleum Group’s 1st transaction in the Distribution sector.
  • This is JF Petroleum Group’s 2nd transaction in the United States.
  • This is JF Petroleum Group’s 1st transaction in Arizona.

M&A Deal Summary
Date 2016-07-01
Target Ans Distributing
Sector Distribution
Buyer(s) JF Petroleum Group
Sellers(s) KLH Capital
Deal Type Add-on Acquisition

Target

Ans Distributing

Tucson, Arizona, United States
Ans Distributing, Inc. is a full-line distributor of petroleum handling equipment for petroleum marketers (from single-site service stations to national chains), wholesalers, and technicians. The company offers its customers a complete range of custom-designed systems for both maintenance and construction needs.

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Buyer(S) 1

Buyer

JF Petroleum Group

Morrisville, North Carolina, United States
Category Company
Founded 1945
Sector Distribution
DESCRIPTION

JF Petroleum Group is a turnkey solution provider to the North American fueling infrastructure industry. The company distributes, installs, and services fueling equipment for retail fueling stations, commercial and government fleets, and emergency power customers. JF Petroleum Group was founded in 1945 and is based in Morrisville, North Carolina.

DEAL STATS #
Overall 2 of 12
Sector (Distribution) 1 of 2
Type (Add-on Acquisition) 2 of 12
State (Arizona) 1 of 1
Country (United States) 2 of 12
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Reliable Oil Equipment

Dayton, Ohio, United States

Reliable Oil Equipment, Inc. distributes petroleum equipment and parts in Ohio and surrounding markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 M.L. Leonard

Blue Ridge, Virginia, United States

M.L. Leonard, Inc. is a full-service provider of petroleum equipment distribution, maintenance and installation services to customers across Virginia.

Buy -

Seller(S) 1

SELLER

KLH Capital

Tampa, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KLH Capital is a private investment firm focused on smaller company investments in a variety of growing industry sectors. KLH helps provide management teams with capital to facilitate recapitalizations, management buy-outs/buy-ins, family successions, and other ownership transitions. KLH generally pursues companies with $4 to $20 million in pre-tax earnings and will consider opportunities across the US. KLH will not invest in start-ups, high technology, software, biotech, restaurants, retail, real estate development, oil and gas operations, or new construction businesses. KLH Capital is based in Tampa, Florida.

DEAL STATS #
Overall 24 of 30
Sector (Distribution) 5 of 5
Type (Add-on Acquisition) 10 of 11
State (Arizona) 1 of 1
Country (United States) 24 of 30
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-27 BMI Merchandise

Lakewood, New Jersey, United States

BMI Merchandise is a distributor of merchandise used in redemption centers, direct-pay games, tickets or points-to-prizes games, and prize hubs located in family entertainment centers (“FEC”), amusement arcades, bowling centers, restaurants, cruise ships, movie theaters, theme parks, skating centers, and sports complexes. BMI Merchandise is based in Lakewood, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 Q Research Solutions

Old Bridge, New Jersey, United States

Q Research Solutions, Inc. is a full-service consumer research company that focuses exclusively on product testing. Whether you are a Product Developer, Sensory Scientist, Market Researcher or Marketer you can leverage QRS’ experience to guide you through creation, execution, and analysis of your research. Q Research Solutions was established in 1983 and is based in Old Bridge, New Jersey.

Buy -
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