Rosewood Private Investments Acquires AMPET and PECO to Form StationServ
January 18, 2022
Rosewood Private Investments acquired American Petroleum Sales and Service (AMPET) and Petroleum Equipment Company, Inc. (PECO) and combined them under a new holding company, StationServ. The deal brings together geographically contiguous fuel equipment distribution and service territories in Mississippi, Arkansas and Tennessee to expand service capabilities and create a platform for further add-on acquisitions; both sellers will remain involved during a transition period.
- Buyers
- Rosewood Private Investments
- Targets
- American Petroleum Sales and Service (AMPET), Petroleum Equipment Company, Inc. (PECO)
- Sellers
- Gary Murphy, Forrest Rhemann
- Platforms
- StationServ
- Industry
- Industrial Services
- Location
- Mississippi, United States
- Transaction Type
- Buyout
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