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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