M&A Deal Summary

PetroChoice Acquires Universal Lubricants - New Oil Business

On May 2, 2016, PetroChoice acquired distribution company Universal Lubricants - New Oil Business from Universal Lubricants

Acquisition Highlights
  • This is PetroChoice’s 4th transaction in the Distribution sector.
  • This is PetroChoice’s 7th transaction in the United States.
  • This is PetroChoice’s 1st transaction in Kansas.

M&A Deal Summary
Date 2016-05-02
Target Universal Lubricants - New Oil Business
Sector Distribution
Buyer(s) PetroChoice
Sellers(s) Universal Lubricants
Deal Type Divestiture

Target

Universal Lubricants - New Oil Business

Wichita, Kansas, United States
Universal Lubricants - New Oil Business is a distributor of quality 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 7 of 14
Sector (Distribution) 4 of 11
Type (Divestiture) 1 of 2
State (Kansas) 1 of 1
Country (United States) 7 of 14
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Badger Lubrication Technologies

Milwaukee, Wisconsin, United States

Badger Lubrication Technologies, Inc. is a distributor of lubricants and specialty products for the passenger vehicle, commercial, and industrial markets.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Universal Lubricants

Wichita, Kansas, United States
Category Company
Founded 1929
Sector Manufacturing
DESCRIPTION

Universal Lubricants was created at the time of the internal combustion engine to compound, package and distribute petroleum products. Today, the company has engineered a diverse product line of oils, greases, and other lubricating fluids for use in sophisticated engines and equipment. Universal proudly offers a wide range of environmental services including used oil collection, used oil filter collection, used anti-freeze collection and a parts washers’ service program. In addition, Universal houses a state-of-the art lubricants laboratory that provides quality control, serves as a research and development facility, and monitors our oils and their related performance specifications

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