Petroleum Transport Co. Inc. Acquires Pope Transport

JF Petroleum Group Acquires Jones Covey Inc.

November 1, 2023

Construction

The JF Petroleum Group has acquired Jones Covey Inc., a Southern California-based general contracting and fuel-infrastructure services firm. The deal expands JF's installation, construction, maintenance and compliance capabilities and creates a coast-to-coast turn-key fueling solutions platform; terms were not disclosed.

TravelCenters of America Acquires Two Virginia Travel Centers for $45M

April 4, 2022

Transportation

TravelCenters of America Inc. (TA) completed the acquisition of two Interstate 81 travel center locations — Petro Raphine and TA Lexington — for $45 million. The sites, franchised since 2011, are expected to generate approximately $9.0 million of site-level EBITDA in 2023, and Petro Raphine is undergoing renovations to expand retail space and add 170 truck parking spaces (bringing it to nearly 900 spaces).

TransWood Acquires Jensen Transport

July 12, 2021

Trucking & Fleet

TransWood, a family-owned nationwide bulk carrier based in Omaha, Nebraska, purchased Jensen Transport of Minnesota effective July 12, 2021; terms were not disclosed. The acquisition adds Jensen’s tank-truck operations — which haul bio-fuels, anhydrous ammonia and LPGs — and expands TransWood’s regional bulk liquids and dry-bulk footprint and operating capacity.

Offen Petroleum Acquires Petromark (Petromark, Inc. & Petromark Transportation, LLC)

May 18, 2021

Oil & Gas

Offen Petroleum, a Court Square Capital-backed fuel distributor, agreed to acquire the business assets of Petromark, Inc. and its affiliate Petromark Transportation, LLC, both headquartered in Harrison, Arkansas. The add-on expands Offen’s footprint in the Ozark region (Arkansas, Missouri, Oklahoma) and brings Petromark owners Stephen Lair and Steve Turner into transitional roles, with Steve Turner serving as an advisor.

The Jordan Company Acquires Transportation Impact

March 20, 2020

Transportation

The Jordan Company has acquired 100% of Transportation Impact, LLC, with certain members of TI management co-investing. The transaction transfers ownership from the company's founders to TJC and TI management; TJC will support TI's growth via capital and logistics-sector expertise while TI's leadership remains in place.

World Fuel Services Corporation Acquires PAPCO, Inc. and Associated Petroleum Products, Inc.

July 5, 2016

Oil & Gas

World Fuel Services Corporation completed the acquisitions of PAPCO, Inc. (Virginia Beach, VA) and Associated Petroleum Products, Inc. (Tacoma, WA). The acquisitions expand World Fuel's commercial and industrial fuel distribution capabilities and regional footprint across the United States, adding significant revenue and employee bases to its land segment operations.