M&A Deal Summary

PetroChoice Acquires Rex Oil - Lubricant Division

On September 1, 2016, PetroChoice acquired distribution company Rex Oil - Lubricant Division from Rex Oil

Acquisition Highlights
  • This is PetroChoice’s 6th transaction in the Distribution sector.
  • This is PetroChoice’s 9th transaction in the United States.
  • This is PetroChoice’s 1st transaction in Colorado.

M&A Deal Summary

Date 2016-09-01
Target Rex Oil - Lubricant Division
Sector Distribution
Buyer(s) PetroChoice
Sellers(s) Rex Oil
Deal Type Divestiture

Target

Rex Oil - Lubricant Division

Denver, Colorado, United States
Rex Oil Co. - Lubricant Division is a distributor of lubricants.

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Buyer(S) 1

Buyer

PetroChoice

King of Prussia, Pennsylvania, United States

Category Company
Founded 1969
Sector Distribution
DESCRIPTION

PetroChoice is a lubricant distributor in the US, providing business solutions for industrial lubricant needs and commercial and passenger car motor oil. PetroChoice was founded in 1969 and is headquartered in King of Prussia, Pennsylvania.


DEAL STATS #
Overall 9 of 14
Sector (Distribution) 6 of 11
Type (Divestiture) 2 of 2
State (Colorado) 1 of 1
Country (United States) 9 of 14
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Hagan Kennington Oil

Gastonia, North Carolina, United States

Hagan Kennington Oil Co. is a distributor of lubricants, equipment and a wide range of related services to the commercial, automotive, and industrial markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 Miller Industrial Fluids

Indianapolis, Indiana, United States

Miller Industrial Fluids LLC is a distributor and blender of metalworking products, specialty lubricants, and rust preventatives.

Buy -

Seller(S) 1

SELLER

Rex Oil

Denver, Colorado, United States

Category Company
Founded 1946
Sector Retail
DESCRIPTION

Rex Oil Co., Inc. is a retailer of dependable lubricant to the commercial, automotive and industrial markets.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1