(Source: Shutterstock.com)
Palmdale Oil has acquired Combs Oil Co., bringing together two Florida-based fuels and refined products distributors.
Financial terms of the transaction were not disclosed.
Naples, Florida-based Combs Oil, founded in 1967, distributes diesel fuel, gasoline, lubricants and other products across Southwest Florida. The company also holds bulk plant storage infrastructure, including tanks, rolling stock and inventory.
"We are thrilled to join forces with Palmdale – a family-founded and operated business that shares our dedication to excellence and personalized customer service," said Combs Oil CEO Dennis Combs.
Palmdale, based in Palm Beach Gardens, Florida, provides fuels, lubricants and chemicals delivery and management services for customers across the state.
“This partnership will expand our presence in a target market and allows us to better serve our collective customers in the region,” said Palmdale CEO Lachlan Cheatham. “As we continue to focus on thoughtfully growing our footprint, we are excited to expand our service offerings to the Combs customer-base and want to thank Dennis and his team for all of their hard work building Combs into the business it is today.”
RELATED
Predictions 2025: Downward Trend for Oil and Gas, Lots of Electricity
Recommended Reading
BlackRock CEO: US Headed for More Inflation in Short Term
2025-03-11 - AI is likely to cause a period of deflation, Larry Fink, founder and CEO of the investment giant BlackRock, said at CERAWeek.
Michael Hillebrand Appointed Chairman of IPAA
2025-01-28 - Oil and gas executive Michael Hillebrand has been appointed chairman of the Independent Petroleum Association of America’s board of directors for a two-year term.
Independence Contract Drilling Emerges from Chapter 11 Bankruptcy
2025-01-21 - Independence Contract Drilling eliminated more than $197 million of convertible debt in the restructuring process.
Plains All American Prices First M&A Bond of Year
2025-01-13 - U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
More Players, More Dry Powder—So Where are the Deals?
2025-03-24 - Bankers are back and ready to invest in the oil and gas space, but assets for sale remain few and far between, lenders say.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.