M&A Deal Summary

SPATCO Acquires UST Services

On September 30, 2024, SPATCO acquired business services company UST Services

Acquisition Highlights
  • This is SPATCO’s 3rd transaction in the Business Services sector.
  • This is SPATCO’s 11th transaction in the United States.
  • This is SPATCO’s 2nd transaction in Maryland.

M&A Deal Summary
Date 2024-09-30
Target UST Services
Sector Business Services
Buyer(s) SPATCO
Deal Type Add-on Acquisition

Target

UST Services

Owings, Maryland, United States
UST Services specializes in petroleum contracting services, offering tank installation and removal, environmental compliance, service and maintenance, and precision testing. UST Services is based in Owings, Maryland.

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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 11 of 11
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 11 of 11
State (Maryland) 2 of 2
Country (United States) 11 of 11
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 Blue1 Energy Equipment

Greenville, South Carolina, United States

Blue1 Energy Equipment provides a range of equipment and services to petroleum, EV, commercial and industrial customers across North America with a concentration on manufacturing quality DEF products. Blue1 Energy Equipment is based in Greenville, South Carolina.

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