Tracked deals
6
6 tracked deals across 2022-2025.
Oil & Gas Buyers & Acquisitions in Florida
Buyer mix
Strategic-led
4 strategic · 1 family office
Top trend
Volume peaked in 2023
3 tracked deals announced in 2023.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Palmdale Oil | 2 | Family-owned statewide provider of fuels, propane, lubric... | Strategic |
| Blue Earth Resources, Inc. | 1 | Wholesale purchaser and distributor of refined fuels to r... | Strategic |
| First Reserve | 1 | Private equity firm focused on energy, infrastructure, an... | PE |
| Thermotane Propane | 1 | Family-owned propane retailer and service provider in Flo... | Family Office |
| Undisclosed strategic buyer | 1 | Strategic acquirer in commercial petroleum and lubricants... | Strategic |
Acquisition Volume in Oil & Gas in Florida by Year
Last 4 years
Supporting Data
Recent Transactions
-
July 25, 2025
- Buyer
- Thermotane Propane
- Target
- Matchett Propane
- Industry
- Oil & Gas
- Location
- Florida, United States
- Type
- Buyout
Thermotane Propane, a family-owned Florida propane company founded in 1947, has acquired Matchett Propane of Interlachen, Florida in a privately negotiated owner-to-owner transaction. The deal expands Thermotane's footprint to three locations and broadens its service area across the Gainesville, Ocala and St. Augustine markets as part of its multi-location growth plan.
-
August 6, 2024
- Buyer
- Palmdale Oil
- Target
- Maassen Oil Company, Inc.
- Industry
- Oil & Gas
- Location
- Florida, United States
- Type
- Buyout
Palmdale Oil, a family-owned Florida fuel and lubricants provider headquartered in Palm Beach Gardens, has acquired Maassen Oil Company, Inc., a small Arcadia, Florida-based distributor of refined fuels, lubricants and propane. The deal expands Palmdale's bulk plant footprint and distribution capabilities across Florida, enhancing transportation efficiency and service coverage in markets including Tampa and Fort Myers.
-
October 2, 2023
- Buyer
- Palmdale Oil
- Target
- Como Oil & Propane of Florida
- Seller
- Superior Fuel Company
- Industry
- Oil & Gas
- Location
- Florida, United States
- Type
- Buyout
Palmdale Oil has acquired Como Oil & Propane of Florida, expanding Palmdale's fuels, lubricants and delivery platform to include Como's propane capabilities and generator sales/service operations across Southeastern Florida. Como will operate as the Como Propane Division under Palmdale with Michael Bodine and the Florida-based Como team continuing to lead the business; Superior Fuel Company (Como's parent) facilitated the sale.
-
June 19, 2023
- Buyer
- Undisclosed strategic buyer
- Target
- Large regional commercial petroleum and lubricants company
- Industry
- Oil & Gas
- Location
- Florida, United States
- Type
- Buyout
1858 Capital Partners advised on the sale of a large regional commercial petroleum and lubricants company to an undisclosed strategic buyer. Financial terms were not disclosed, and the buyer identity was not provided in the announcement.
-
May 4, 2023
- Buyer
- First Reserve
- Target
- Palmdale Oil
- Seller
- Cheatham family
- Industry
- Oil & Gas
- Location
- Florida, United States
- Type
- Growth capital
First Reserve has invested in Palmdale Oil, a Fort Pierce, Florida-based provider of fuels, lubricants, and chemicals, partnering with the Cheatham family who retain a significant ownership stake and leadership roles. The capital will support Palmdale's buy-and-build growth strategy across Florida, including accretive acquisitions, organic expansion, and technology enhancements.
-
September 19, 2022
- Buyer
- Blue Earth Resources, Inc.
- Target
- Fuel Trader Supply, LLC, Fuel Trader Resource Management, Inc.
- Seller
- William R. Eaton
- Industry
- Oil & Gas
- Location
- Florida, United States
- Type
- Buyout
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.
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