M&A Deal Summary

Ultrapar Participações S.A. Acquires Ipiranga Produtos de Petróleo S.A.

On March 7, 2009, Ultrapar Participações S.A. acquired energy services and equipment company Ipiranga Produtos de Petróleo S.A.

Acquisition Highlights
  • This is Ultrapar Participações S.A.’s 1st transaction in the Energy Services and Equipment sector.
  • This is Ultrapar Participações S.A.’s 1st transaction in Brazil.

M&A Deal Summary

Date 2009-03-07
Target Ipiranga Produtos de Petróleo S.A.
Sector Energy Services and Equipment
Buyer(s) Ultrapar Participações S.A.
Deal Type Add-on Acquisition


Ipiranga Produtos de Petróleo S.A.

Rio de Janeiro, Brazil
Ipiranga, founded in 1937, is the largest private player in the Brazilian fuel distribution market, with nationwide coverage and a network of approximately 7.1 thousand service stations. Fuels distributed by Ipiranga comprise diesel, gasoline, ethanol, natural gas for vehicles (NGV), fuel oil and kerosene, besides lubricants. Through a differentiated relationship with its resellers, Ipiranga offers complementary products and services in the retail market.

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Buyer(S) 1


Ultrapar Participações S.A.

Sao Paulo, Brazil


Category Company
Founded 1937
Revenue 81.2B BRL (2020)

Ultrapar is a multi-business company engaged in specialized distribution and retail. Its business units include Ultragaz, Ipiranga and Extrafarma, specialty chemicals, with Oxiteno, and storage for liquid bulk segment, through Ultracargo. With 14 thousand direct employees, Ultrapar has operations in the entire Brazilian territory and has industrial units in the United States, Uruguay, Mexico and Venezuela and commercial offices in Argentina, Belgium, China and Colombia through Oxiteno. Ultrapar Participações was founded in 1937 and is based in São Paulo, Brazil.

Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Brazil) 1 of 1
Year (2009) 1 of 1