M&A Deal Summary

Quarles Petroleum Acquires Dixie Gas & Oil

On October 26, 2020, Quarles Petroleum acquired oil/gas exploration company Dixie Gas & Oil

Acquisition Highlights
  • This is Quarles Petroleum’s 5th transaction in the Oil/Gas Exploration sector.
  • This is Quarles Petroleum’s 5th transaction in the United States.
  • This is Quarles Petroleum’s 5th transaction in Virginia.

M&A Deal Summary
Date 2020-10-26
Target Dixie Gas & Oil
Sector Oil/Gas Exploration
Buyer(s) Quarles Petroleum
Deal Type Add-on Acquisition

Target

Dixie Gas & Oil

Verona, Virginia, United States
Dixie Gas & Oil Corp. is a third-generation family-owned propane, commercial fuels, and home heating oil distributor. Dixie Gas & Oil Corp. was formed in 1946 and is based in Verona, Virginia.

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Buyer(S) 1

Buyer

Quarles Petroleum

Fredericksburg, Virginia, United States
Category Company
Founded 1940
Sector Oil/Gas Exploration
DESCRIPTION

Quarles Petroleum, Inc. is a provider of oil and gas exploration services. It major product lines are residential propane and oil, commercial delivered fuels, fleet card sites and services, and lubricants.

DEAL STATS #
Overall 5 of 5
Sector (Oil/Gas Exploration) 5 of 5
Type (Add-on Acquisition) 2 of 2
State (Virginia) 5 of 5
Country (United States) 5 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 PAPCO - Propane Business

Virginia Beach, Virginia, United States

PAPCO, Inc. - Propane Business serves retail, commercial and industrial customers with fuel, price-risk management products, and fleet card solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 Quarles Petroleum - Retail Propane Distribution and Refined Fuels Assets

Fredericksburg, Virginia, United States

Quarles Petroleum, Inc. - Retail Propane Distribution and Refined Fuels Assets provides propane distributor services to residential and commercial customers primarily in Virginia.

Sell $145M
Mergr

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