M&A Deal Summary

Pilot Flying J Acquires Western Petroleum

On February 22, 2012, Pilot Flying J acquired energy services and equipment company Western Petroleum from VVS Capital

Acquisition Highlights
  • This is Pilot Flying J’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Pilot Flying J’s 2nd transaction in the United States.
  • This is Pilot Flying J’s 1st transaction in Utah.

M&A Deal Summary
Date 2012-02-22
Target Western Petroleum
Sector Energy Services and Equipment
Buyer(s) Pilot Flying J
Sellers(s) VVS Capital
Deal Type Add-on Acquisition
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)

Target

Western Petroleum

Vernal, Utah, United States
Western Petroleum LLC is a fuel distributor. Western Petroleum transports and delivers fuels, lubes, industrial oils, provides both on-site and card lock fueling services to construction, trucking, drill rigs, commercial accounts, mines, ski resorts and farms in Utah, Colorado, Nevada and Wyoming.

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Buyer(S) 1

Buyer

Pilot Flying J

Knoxville, Tennessee, United States
Category Company
Founded 1958
Sector Retail
Employees20,000
DESCRIPTION
Entrance to Pilot Flying J's corporate headquarters in Knoxville, Tennessee.
Entrance to Pilot Flying J's corporate headquarters in Knoxville, Tennessee.

Pilot Flying J owns and operates travel centers near interstate highways across the US. The large majority of the Company's locations are concentrated in the Midwest and Southeast of the US. Pilot Flying J was originally established in 1958 and is based in Knoxville, Tennessee.

DEAL STATS #
Overall 2 of 4
Sector (Energy Services and Equipment) 2 of 3
Type (Add-on Acquisition) 2 of 4
State (Utah) 1 of 1
Country (United States) 2 of 4
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-27 Longhorn Pipeline Holdings

Houston, Texas, United States

Longhorn Pipeline Holdings LLC is an owns a 764-mile pipeline designed to transport refined petroleum products from the U.S. Gulf Coast refineries to terminals in Odessa and El Paso, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-04 Maxum Petroleum

Greenwich, Connecticut, United States

Maxum Petroleum, Inc. is a provider of logistics and energy management services in the United States.

Buy -

Seller(S) 1

SELLER

VVS Capital

Marietta, Georgia, United States

Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

VVS Capital LLC is a private investment firm that seeks middle-market company investments. The Firm targets profitable businesses with predictable cash flows ($3 to $25 million of EBITDA), defensible competitive advantages, and differentiated products. Areas of interest include energy, logistics, healthcare, financial services, and business services. VVS Capital LLC was formed in 2007 and is based in Marietta, Georgia.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-12 Brown Trucking

Lithonia, Georgia, United States

Brown Trucking is a provider of dry van truckload transportation, dedicated and contract warehousing, third-party logistics, and related services concentrated primarily in nine southeastern states. Brown Trucking was founded in 1946 and is based in Lithonia, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Track Utilities

Meridian, Idaho, United States

Track Utilities LLC provides mission-critical electric and telecommunications infrastructure services in the Northwest and Intermountain West. Track has deep, long-standing relationships with the major electric utilities and telecom providers in its territory and is unique in its ability to offer customers a full suite of aerial telecom, underground telecom, overhead electric, underground electric, joint utility trenching, and directional drilling services.

Buy -
Mergr

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