M&A Deal Summary

JF Petroleum Group Acquires Goodson

On April 15, 2024, JF Petroleum Group acquired business services company Goodson

Acquisition Highlights
  • This is JF Petroleum Group’s 3rd transaction in the Business Services sector.
  • This is JF Petroleum Group’s 12th transaction in the United States.
  • This is JF Petroleum Group’s 2nd transaction in Texas.

M&A Deal Summary

Date 2024-04-15
Target Goodson
Sector Business Services
Buyer(s) JF Petroleum Group
Deal Type Add-on Acquisition

Target

Goodson

Midland, Texas, United States
Goodson is a general contractor serving the petroleum equipment industry and provides maintenance & repair, and compliance testing services. Goodson is based in Midland, Texas.

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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 12 of 12
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 12 of 12
State: Texas M&A 2 of 2
Country: United States M&A 12 of 12
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 Reliable Construction Services

Dayton, Ohio, United States

Reliable Construction Services is a Midwestern U.S. general contracting, petroleum services, and construction company that serves industrial, municipal, governmental, and commercial accounts and has widened its service area to include the tri-state area of Ohio, Kentucky, and Eastern Indiana. Areas of expertise include installing and testing fuel system equipment from industry leaders such as Gilbarco, Veeder-Root, Xerxes Tanks, OPW, and others; general construction services from state-certified installers; precision line testing to meet annual compliance regulations; engineering consulting services to design efficient systems with low maintenance requirements; and ongoing service and support of the facilities and fueling systems. Reliable Construction Services is based in Dayton, Ohio.

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