First Reserve Invests in Palmdale Oil
May 4, 2023
First Reserve has invested in Palmdale Oil, a Fort Pierce, Florida-based provider of fuels, lubricants, and chemicals, partnering with the Cheatham family who retain a significant ownership stake and leadership roles. The capital will support Palmdale's buy-and-build growth strategy across Florida, including accretive acquisitions, organic expansion, and technology enhancements.
- Buyers
- First Reserve
- Targets
- Palmdale Oil
- Sellers
- Cheatham family
- Industry
- Oil & Gas
- Location
- Florida, United States
- Transaction Type
- Growth capital
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Palmdale Oil Acquires Como Oil & Propane of Florida
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Palmdale Propane Acquires Gatorgas LP
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First Reserve Acquires Lamons Business from TriMas for $135M
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Tecum Capital Makes Growth Investment in JD Palatine
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Tecum Capital Partners has made a growth investment in JD Palatine LLC, a U.S.-based, technology-enabled business process outsourcing provider focused on background and employment screening. First Commonwealth Bank provided senior debt financing alongside Tecum; JD Palatine’s founder and CEO Chad Killian will remain in place as the company pursues expansion with new capital and strategic support.
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