M&A Deal Summary

United Petroleum Transports Acquires Florida Rock & Tank Lines

On November 1, 2023, United Petroleum Transports acquired transportation company Florida Rock & Tank Lines for 66M USD

Acquisition Highlights
  • This is United Petroleum Transports’ 1st transaction in the Transportation sector.
  • This is United Petroleum Transports’ largest (disclosed) transaction.
  • This is United Petroleum Transports’ 1st transaction in the United States.
  • This is United Petroleum Transports’ 1st transaction in Florida.

M&A Deal Summary
Date 2023-11-01
Target Florida Rock & Tank Lines
Sector Transportation
Buyer(s) United Petroleum Transports
Deal Type Merger
Deal Value 66M USD
Advisor(s) Cassel Salpeter & Co. (Financial)
Foley & Lardner (Legal)

Target

Florida Rock & Tank Lines

Jacksonville, Florida, United States
Florida Rock & Tank Lines specializes in hauling freight consisting mainly of petroleum products and other liquid and dry bulk commodities. Florida Rock & Tank Lines currently has over twenty-five terminal and satellite locations spread across the states of Florida, Georgia, North Carolina, South Carolina, Alabama and Tennessee. Florida Rock & Tank Lines is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

United Petroleum Transports

Oklahoma City, Oklahoma, United States
Category Company
Founded 1966
Sector Transportation
DESCRIPTION

United Petroleum Transports is a carrier of motor fuels, aviation fuels and chemicals in the Southwest, with customer service centers in Alabama, Arizona, Georgia, Kansas, New Mexico, Oklahoma and Texas. United Petroleum Transports was formed in 1966 and is based in Oklahoma City, Oklahoma.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Merger) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal