Blue Earth Resources Acquires Fuel Trader Supply and Fuel Trader Resource Management
September 19, 2022
Blue Earth Resources, Inc. (BERI) acquired 100% ownership of Fuel Trader Supply, LLC (FTS) and Fuel Trader Resource Management, Inc. (FTRM) in a transaction settled with cash and BERI common stock. The deal folds FTS's bulk gasoline and diesel distribution capabilities and FTRM's fuel inventory management and futures/hedging services into BERI to expand its product suite and capture end-to-end procurement synergies.
- Buyers
- Blue Earth Resources, Inc.
- Targets
- Fuel Trader Supply, LLC, Fuel Trader Resource Management, Inc.
- Sellers
- William R. Eaton
- Industry
- Oil & Gas
- Location
- Florida, United States
- Transaction Type
- Buyout
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