M&A Deal Summary

JF Petroleum Group Acquires Star Construction

On October 2, 2023, JF Petroleum Group acquired construction company Star Construction

Acquisition Highlights
  • This is JF Petroleum Group’s 4th transaction in the Construction sector.
  • This is JF Petroleum Group’s 9th transaction in the United States.
  • This is JF Petroleum Group’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2023-10-02
Target Star Construction
Sector Construction
Buyer(s) JF Petroleum Group
Deal Type Add-on Acquisition

Target

Star Construction

Johns Island, South Carolina, United States
Star Construction is a full service environmental excavating and petroleum equipment installation company specializing in C-Stores and bulk storage. Star Construction is based in Johns Island, South Carolina.

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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 9 of 12
Sector (Construction) 4 of 6
Type (Add-on Acquisition) 9 of 12
State (South Carolina) 1 of 1
Country (United States) 9 of 12
Year (2023) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Miller Construction Management

Lakeland, Florida, United States

Miller Construction Management (MCM) is a commercially certified, multi-industry contractor serving commercial and retail installation & construction sectors with specialized turn-key solutions for ground-ups, remodels, and building additions. MCM offers a single-source solution for design-build services, preconstruction services, green building (LEED) design & construction, project management, and general contracting. Miller Construction Management is based in Lakeland, Florida.

Buy -
FOLLOWING 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 -
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