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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