M&A Deal Summary

Platform Capital Acquires Platform Fuels

On October 29, 2020, private equity firm Platform Capital acquired distribution company Platform Fuels

Acquisition Highlights
  • This is Platform Capital’s 1st transaction in the Distribution sector.
  • This is Platform Capital’s 6th transaction in the United States.
  • This is Platform Capital’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2020-10-29
Target Platform Fuels
Sector Distribution
Buyer(s) Platform Capital
Deal Type Consolidation

Target

Platform Fuels

Oklahoma City, Oklahoma, United States
Platform Fuels is a propane distributor throughout central, eastern and southeastern Oklahoma. Platform Fuels is based in Oklahoma City, Oklahoma.

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Buyer(S) 1

Buyer

Platform Capital

Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Platform Capital is an operationally-focused private investment firm focused on providing equity and debt capital to lower middle-market companies. The Firm targets profitable companies up to $8 million of EBITDA and sales with $3 to $100 million. Platform Capital is sector agnostic and will consider a variety of investment situations including traditional buyouts and recapitalizations, as well as restructurings and other special situations. Platform Capital was formed in 2016 and is headquartered in Denver, Colorado.

DEAL STATS #
Overall 7 of 8
Sector (Distribution) 1 of 1
Type (Consolidation) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 6 of 7
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-12 Enthalpy Energy Services

Denver, Colorado, United States

Enthalpy Energy Services is a professional engineering, field engineering, startup & commissioning, and field-testing services organization serving all energy sectors. Enthalpy offers key solutions for new projects, retrofits, upgrades, operations & maintenance, decommissioning lockout-tagout administration. Enthalpy Energy Services was established in 2017 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-22 Red River Waste Solutions

Dripping Springs, Texas, United States

Red River Waste Solutions is a solid waste management and recycling company specializing in residential and commercial solid waste collection, hauling, and landfill management. Red River Waste Solutions was founded in 1953 and is based in Dripping Springs, Texas.

Buy -
Mergr

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