M&A Deal Summary

JF Petroleum Group Acquires M.L. Leonard

On August 5, 2019, JF Petroleum Group acquired distribution company M.L. Leonard

Acquisition Highlights
  • This is JF Petroleum Group’s 2nd transaction in the Distribution sector.
  • This is JF Petroleum Group’s 3rd transaction in the United States.
  • This is JF Petroleum Group’s 1st transaction in Virginia.

M&A Deal Summary
Date 2019-08-05
Target M.L. Leonard
Sector Distribution
Buyer(s) JF Petroleum Group
Deal Type Add-on Acquisition
Advisor(s) Gentry Locke (Legal)

Target

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.

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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 3 of 12
Sector (Distribution) 2 of 2
Type (Add-on Acquisition) 3 of 12
State (Virginia) 1 of 1
Country (United States) 3 of 12
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-27 Petroleum Solutions

Edinburg, Texas, United States

Petroleum Solutions, Inc. is a full-service provider of petroleum equipment distribution, maintenance and installation services to customers across Texas. Petroleum Solutions, Inc. is based in Edinburg, Texas.

Buy -
Mergr

Product

Company

Legal