M&A Deal Summary

Offen Petroleum Acquires Overland Petroleum

On August 24, 2018, Offen Petroleum acquired oil/gas exploration company Overland Petroleum

Acquisition Highlights
  • This is Offen Petroleum’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Offen Petroleum’s 1st transaction in the United States.
  • This is Offen Petroleum’s 1st transaction in Utah.

M&A Deal Summary
Date 2018-08-24
Target Overland Petroleum
Sector Oil/Gas Exploration
Buyer(s) Offen Petroleum
Deal Type Add-on Acquisition

Target

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.

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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 1 of 4
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Utah) 1 of 1
Country (United States) 1 of 4
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 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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