Offen Petroleum Acquires Wholesale Division of Gas Depot

January 4, 2023

Offen Petroleum has acquired the wholesale division of Gas Depot, Inc. and Gas Depot Oil Company, marking Offen's first expansion into the Chicagoland and Great Lakes region. The deal adds over 150 retail gas station/convenience-store customers and municipal accounts, and Offen will establish an operations center in Chicago and hire Gas Depot operations personnel.

Buyers
Offen Petroleum
Targets
Gas Depot, Inc. (wholesale division), Gas Depot Oil Company (wholesale division)
Sellers
Gas Depot (owned by George Nediyakalayil)
Industry
Oil & Gas
Location
Illinois, United States
Transaction Type
Divestiture

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