M&A Deal Summary

Offen Petroleum Acquires Allied Energy

On May 1, 2019, Offen Petroleum acquired distribution company Allied Energy

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

M&A Deal Summary
Date 2019-05-01
Target Allied Energy
Sector Distribution
Buyer(s) Offen Petroleum
Deal Type Add-on Acquisition

Target

Allied Energy

Scottsdale, Arizona, United States
Allied Energy is an independent fuel distributor that operates in Arizona and Nevada. In recent years, Allied has focused its growth by marketing unbranded fuel to fuel distributors and convenience retailers.

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Buyer(S) 1

Buyer

Offen Petroleum

Commerce City, Colorado, United States
Category Company
Founded 1930
Sector Chemicals
DESCRIPTION

Offen Petroleum is a provider of fuel, lubricants, and logistics services in Colorado and the Rocky Mountain region. Offen sources and sells fuel in 12 states. In addition to fuels, Offen's lubricants division provides products and solutions for the commercial, industrial, and passenger car segments, as well as diesel exhaust fluids used in emission controls. The Company operates a specialty logistics division that is a premier fuel carrier throughout Colorado. Offen Petroleum was founded in 1930 and is headquartered in Commerce City, Colorado.

DEAL STATS #
Overall 2 of 4
Sector (Distribution) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (Arizona) 1 of 2
Country (United States) 2 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-24 Overland Petroleum

St. George, Utah, United States

Overland Petroleum LLC is an independent fuel distributor that operates in the Greater Rocky Mountain Region. In recent years, Overland has focused its growth by delivering branded fuel to independent convenience retailers. Overland has focused on the Sinclair brand but also offers Conoco, Phillips 66, and the brands licensed by Andeavor.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 Bosselman Energy

Grand Island, Nevada, United States

Bosselman Energy, Inc. is a privately held wholesale fuel and lubricant marketer that provides fuels, lubricants, and transportation services to thousands of customers throughout the United States. Bosselman Energy was formed in 1948 and is based in Grand Island, Nevada.

Buy -
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