M&A Deal Summary

Palmdale Acquires Maassen Oil

On August 6, 2024, Palmdale acquired oil/gas exploration company Maassen Oil

Acquisition Highlights
  • This is Palmdale’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Palmdale’s 2nd transaction in the United States.
  • This is Palmdale’s 2nd transaction in Florida.

M&A Deal Summary
Date 2024-08-06
Target Maassen Oil
Sector Oil/Gas Exploration
Buyer(s) Palmdale
Deal Type Add-on Acquisition

Target

Maassen Oil

Arcadia, Florida, United States
Maassen Oil is a distributor of refined fuel, lubricants, and propane and supplies a diverse product offering, including propane, dyed off-road diesel and clear on-road diesel, gasoline, and lube oils to a broad base of commercial and residential customers across the region. Maassen Oil was founded in 1931 and is based in Arcadia, Florida.

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Buyer(S) 1

Buyer

Palmdale

Fort Pierce, Florida, United States
Category Company
Founded 1984
Sector Oil/Gas Exploration
DESCRIPTION

Palmdale is a statewide provider of fuels, lubricants, and chemicals with delivery and management solutions. The company currently operates in more than 50 counties across Florida and provides a wide range of tailored commercial fuel and lubricant solutions to customers in the agricultural, industrial, construction, marine, and government sectors. Palmdale operates from 15 locations statewide and maintains a fleet of over 200 specialized vehicles including tankwagons, tractors, trailers, and box trucks. Its product suite includes traditional gasoline, diesel, biodiesel, commercial and industrial lubricants, and chemicals that are used across a diverse set of end markets. Palmdale was founded in 1984 and is based in Fort Pierce, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Florida) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 Como Oil & Propane of Florida

Vero Beach, Florida, United States

Como Oil & Propane of Florida is a full-service fuel and propane distributor. Como Oil & Propane of Florida was founded in 1967 and is based in Vero Beach, Florida.

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