SPATCO Energy Solutions Acquires Petro Supply

February 9, 2023

SPATCO Energy Solutions, a Kian Capital-backed platform, has acquired Petro Supply, a family-owned distributor of petroleum equipment based in the Mid-Atlantic, expanding SPATCO's footprint into Maryland, the District of Columbia, Pennsylvania, Delaware and New Jersey. The add-on strengthens SPATCO's distribution and full-service capabilities for fueling stations, convenience stores and petroleum handling facilities as the platform continues roll-up activity backed by Kian and co-investors.

Buyers
SPATCO Energy Solutions, Kian Capital Partners, RF Investment Partners, Apogem Capital, New Canaan Funding
Targets
Petro Supply
Sellers
Galen Heaps and family (owners of Petro Supply)
Platforms
SPATCO Energy Solutions
Industry
Energy
Location
Maryland, United States
Transaction Type
Addon

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