M&A Deal Summary

Quarles Petroleum Acquires Revere Gas

On December 4, 2018, Quarles Petroleum acquired oil/gas exploration company Revere Gas

Acquisition Highlights
  • This is Quarles Petroleum’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Quarles Petroleum’s 3rd transaction in the United States.
  • This is Quarles Petroleum’s 3rd transaction in Virginia.

M&A Deal Summary
Date 2018-12-04
Target Revere Gas
Sector Oil/Gas Exploration
Buyer(s) Quarles Petroleum
Deal Type Add-on Acquisition

Target

Revere Gas

Hartfield, Virginia, United States
Revere Gas is One of the largest retail propane distributors in the state of Virginia, Revere Gas was established in 1942 by H.L. Revere to meet the increased demand for locally provided, clean energy. Today, Revere serves over 25,000 residential, commercial, agricultural, industrial and governmental customers from field offices in Burgess, Fredericksburg, Gloucester, Hartfield, Oilville/Richmond, Providence Forge, Warsaw and Williamsburg and a rail terminal in West Point, 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 3 of 5
Sector (Oil/Gas Exploration) 3 of 5
Type (Add-on Acquisition) 1 of 2
State (Virginia) 3 of 5
Country (United States) 3 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-13 Whiting Oil

Culpeper, Virginia, United States

Whiting Oil Co. is a provider of heating oil, gasoline and diesel products to both residential and commercial customers.

Buy -
FOLLOWING 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 -
Mergr

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