M&A Deal Summary

Pilot Thomas Logistics Acquires Cactus Fuel

On April 3, 2019, Pilot Thomas Logistics acquired distribution company Cactus Fuel from Hastings Equity Partners

Acquisition Highlights
  • This is Pilot Thomas Logistics’ 1st transaction in the Distribution sector.
  • This is Pilot Thomas Logistics’ 2nd transaction in the United States.
  • This is Pilot Thomas Logistics’ 1st transaction in Texas.

M&A Deal Summary

Date 2019-04-03
Target Cactus Fuel
Sector Distribution
Buyer(s) Pilot Thomas Logistics
Sellers(s) Hastings Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Stephens (Financial)

Target

Cactus Fuel

Midland, Texas, United States
Cactus Fuels is a value-added distributor of fuel and lubricants to upstream and midstream customers throughout the Permian Basin. Cactus Fuels was founded in 2012 and is based in Midland, Texas.

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Buyer(S) 1

Buyer

Pilot Thomas Logistics

Victoria, Texas, United States

Category Company
Founded 1980
Sector Oil/Gas Exploration
DESCRIPTION

Pilot Thomas Logistics provides top-of-the-line lubricants products and services for over three decades. Thomas specializes in products and services that provide solutions for all aspects of business.


DEAL STATS #
Overall 2 of 2
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-30 Haycock Petroleum Co.

Las Vegas, Nevada, United States

Haycock Petroleum Co. is a provider of comprehensive petroleum services solutions, including bulk fuels and lubricants, commercial fleet fueling, propane, branded gasoline programs, 24/7 cardlock network fueling, marketing risk management services, and mining logistics and bio fuels.

Buy -

Seller(S) 1

DESCRIPTION

Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the business and industrial services sector. Hastings looks to invest in and acquire North American companies with trailing EBITDA of $5 to $20 million. Hastings looks for control situations only and will consider funding buyouts (LBOs, MBOs), recapitalizations, and growth capital financings. Hastings Equity Partners was formed in 2004 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 16 of 20
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: Texas M&A 5 of 7
Country: United States M&A 15 of 19
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-28 A&L Industrial Services

La Porte, Texas, United States

A&L Industrial Services is a provider of scaffolding, insulation, and industrial coating to refineries, petrochemical plants, and liquified natural gas facilities across the Gulf Coast. A&L Industrial Services was formed in 1985 and is based in Deer Park, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Code Red Safety

Hammond, Indiana, United States

Code Red Safety is a provider of integrated safety solutions. The Company rents and sells industrial safety equipment, and provides specialty services for the petrochemical, refining, manufacturing, utility and construction end markets. Code Red’s comprehensive suite of safety products and services enhance worker safety and ensure compliance with government regulations. Code Red Safety was founded in 1995 and is based in Hammond, Indiana.

Buy -