M&A Deal Summary

JF Petroleum Group Acquires Reliable Construction Services

On December 19, 2023, JF Petroleum Group acquired construction company Reliable Construction Services

Acquisition Highlights
  • This is JF Petroleum Group’s 6th transaction in the Construction sector.
  • This is JF Petroleum Group’s 11th transaction in the United States.
  • This is JF Petroleum Group’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2023-12-19
Target Reliable Construction Services
Sector Construction
Buyer(s) JF Petroleum Group
Deal Type Add-on Acquisition

Target

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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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 11 of 12
Sector (Construction) 6 of 6
Type (Add-on Acquisition) 11 of 12
State (Ohio) 2 of 2
Country (United States) 11 of 12
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Jones Covey

Rancho Cucamonga, California, United States

Jones Covey is a general contracting and construction company provides maintenance & repair and compliance testing services. Jones Covey was founded in 2006 and is based in Rancho Cucamonga, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-15 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.

Buy -
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