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  6. Sprague Acquires RAD Energy

M&A Deal Summary

Sprague Acquires RAD Energy

On January 1, 2001, Sprague acquired oil/gas exploration company RAD Energy

Acquisition Highlights
  • This is Sprague’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Sprague’s 1st transaction in the United States.
  • This is Sprague’s 1st transaction in New York.

M&A Deal Summary
Date 2001-01-01
Target RAD Energy
Sector Oil/Gas Exploration
Buyer(s) Sprague
Deal Type Add-on Acquisition

Target

RAD Energy

Oceanside, New York, United States
RAD Energy Corporation is a privately held company distributes fuel including diesel and gasoline.

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Buyer(S) 1

Buyer

Sprague

Portsmouth, New Hampshire, United States
Category Company
Founded 1870
Sector Energy Services and Equipment
Employees765
Revenue 2.3B USD (2020)
DESCRIPTION

Sprague is a master limited partnership engaged in the purchase, storage, distribution, and sale of refined petroleum products and natural gas. Sprague also provides storage and handling services for a broad range of materials. Sprague was founded in 1870 and is based in Portsmouth, New Hampshire.

DEAL STATS #
Overall 1 of 5
Sector: Oil/Gas Exploration M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2001 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-04 Castle Oil Corp - Port Morris Terminal

Bronx, New York, United States

Port Morris Terminal and related refined products distribution business located in the Bronx, New York

Buy $56M
Mergr

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