Add-on Acquisition • Oil/Gas Exploration

United Uptime Services Acquires HCN Petroleum Equipment

On November 6, 2024, United Uptime Services acquired oil/gas exploration company HCN Petroleum Equipment

Acquisition Context
  • This is United Uptime Services’ 1st transaction in the Oil/Gas Exploration sector.
  • This is United Uptime Services’ 6th transaction in the United States.
  • This is United Uptime Services’ 1st transaction in North Carolina.

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M&A Deal Summary

Date November 6, 2024
Target HCN Petroleum Equipment
Sector Oil/Gas Exploration
Buyer(s) United Uptime Services
Deal Type Add-on Acquisition

Target Company

HCN Petroleum Equipment

Newland, North Carolina, United States
HCN Petroleum Equipment specializes in providing a wide range of products and services related to the petroleum industry, specifically in the areas of fuel dispensing and storage equipment. HCN Petroleum Equipment was founded in 1990 and is based in Newland, North Carolina.
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Buyer Overview 1

Buyer

United Uptime Services

Humble, Texas, United States

Category Company
Founded 2015
Sector Oil/Gas Exploration
DESCRIPTION

United Uptime Services is a provider of retail and commercial vehicle fueling facilities. United Uptime Services provides service, equipment, installation, and environmental services. United Uptime Services was founded in 2015 and is based in Humble, Texas.


Deal Context for Buyer #
Overall 6 of 7
Sector: Oil/Gas Exploration 1 of 1
Type: Add-on Acquisition 6 of 7
State: North Carolina 1 of 1
Country: United States 6 of 7
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-25 Tanknology

Austin, Texas, United States

Tanknology is a provider of tank testing and environmental compliance, testing and inspection services for petroleum fueling systems. The Company serves fueling station operators in the world through eight regional offices and over 170 technicians in the United States and a network of international licensees. Tanknology was formed in 1988 and is based in Austin, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-03 Kachina

Albuquerque, New Mexico, United States

Kachina provides fuel equipment, construction, and maintenance services across New Mexico and Southwest Texas. Kachina was founded in 1972 and is headquartered in Albuquerque, New Mexico.

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