Oil & Gas Acquisitions in Illinois
Showing 1 transactions.
-
January 4, 2023
- Buyer
- Offen Petroleum
- Target
- Gas Depot, Inc. (wholesale division), Gas Depot Oil Company (wholesale division)
- Seller
- Gas Depot (owned by George Nediyakalayil)
- Industry
- Oil & Gas
- Location
- Illinois, United States
- Type
- Divestiture
Offen Petroleum has acquired the wholesale division of Gas Depot, Inc. and Gas Depot Oil Company, marking Offen's first expansion into the Chicagoland and Great Lakes region. The deal adds over 150 retail gas station/convenience-store customers and municipal accounts, and Offen will establish an operations center in Chicago and hire Gas Depot operations personnel.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.