M&A Deal Summary

SPATCO Acquires McKinney Petroleum Equipment

On January 30, 2023, SPATCO acquired business services company McKinney Petroleum Equipment

Acquisition Highlights
  • This is SPATCO’s 2nd transaction in the Business Services sector.
  • This is SPATCO’s 5th transaction in the United States.
  • This is SPATCO’s 1st transaction in Alabama.

M&A Deal Summary
Date 2023-01-30
Target McKinney Petroleum Equipment
Sector Business Services
Buyer(s) SPATCO
Deal Type Add-on Acquisition

Target

McKinney Petroleum Equipment

Mobile, Alabama, United States
McKinney Petroleum Equipment specializes in installation, sales, and service of petroleum, commercial, and industrial equipment and systems. McKinney Petroleum Equipment was founded in 1913 and is based in Mobile, Alabama.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

SPATCO

Charlotte, North Carolina, United States
Category Company
Founded 1935
Sector Distribution
DESCRIPTION

SPATCO is a distributor and service of liquid handling equipment to the petroleum and industrial market. SPATCO was founded in 1953 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 5 of 12
Sector (Business Services) 2 of 4
Type (Add-on Acquisition) 5 of 12
State (Alabama) 1 of 1
Country (United States) 5 of 12
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Adams Tank & Lift

Clearwater, Florida, United States

Adams Tank & Lift provides Complete Installation and Service on most brands of equipment, providing High-Quality Service & Installation of Point Of Sale Equipment, Dispensers, Control Systems and Environmental Protection Equipment. Adams Tank & Lift was founded in 1979 and is based in Clearwater, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Petro Supply

Elkridge, Maryland, United States

Petro Supply is a distributor of petroleum equipment and is specialized in the sale and distribution of petroleum equipment, including parts and materials for the construction and maintenance of gas stations, convenience stores and petroleum & chemical handling facilities. Petro Supply was founded in 1971 and is based in Elkridge, Maryland.

Buy -
Mergr

Product

Company

Legal