M&A Deal Summary

West Direct Oil Acquires Southern Counties Oil - SC Fuels Lubricant and Fleet Fueling Business

On December 11, 2018, West Direct Oil acquired oil/gas exploration company Southern Counties Oil - SC Fuels Lubricant and Fleet Fueling Business from Southern Counties Oil

Acquisition Highlights
  • This is West Direct Oil’s 1st transaction in the Oil/Gas Exploration sector.
  • This is West Direct Oil’s 1st transaction in the United States.
  • This is West Direct Oil’s 1st transaction in California.

M&A Deal Summary
Date 2018-12-11
Target Southern Counties Oil - SC Fuels Lubricant and Fleet Fueling Business
Sector Oil/Gas Exploration
Buyer(s) West Direct Oil
Sellers(s) Southern Counties Oil
Deal Type Divestiture

Target

Southern Counties Oil - SC Fuels Lubricant and Fleet Fueling Business

California, United States
Southern Counties Oil Co. - SC Fuels Lubricant and Fleet Fueling Business assets supply approximately 1,800 commercial, industrial, and other transportation or equipment related customers in the states of Texas, New Mexico, Colorado, Arizona, and Nevada with fuels, lubricants, and chemicals.

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Buyer(S) 1

Buyer

West Direct Oil

Denver, Colorado, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

West Direct Oil is a one-stop fuel and lubrication products distributor that works to improve the business efficiencies and solve challenges. West Direct Oil is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Southern Counties Oil

Orange, California, United States
Category Company
Founded 1930
Sector Oil/Gas Exploration
DESCRIPTION

Southern Counties Oil Co. is a family owned and operated business serving more than 11,000 customers annually, ranging from small family-owned businesses to Fortune 500 companies. The company delivers gasoline, diesel fuel, alternative fuels, and other petroleum products. The company serves over 15 western states making us one of the largest petroleum distributors in the Western United States. Southern Counties Oil Co. was formed in 1930 and is based in Orange, California.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
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