Financial Advisor
Offen Petroleum LLC
M&A Advisory
A portfolio company of
Has been acquired by
Transaction Details
- Lariat Partners (“Lariat”), a Denver-based private equity firm, announced on June 27, 2019 the sale of its ownership interest in Offen Petroleum LLC (“Offen” or the “Company”), one of the largest fuel distributors in the Western U.S., to Court Square Capital Partners (“Court Square”)
- Headquartered in Commerce City, CO, Offen is a specialty distributor of motor fuel, lubricants, and petroleum logistics services to customers across Colorado and 13 surrounding states
- The Company serves a broad range of retail fuel outlets, as well as commercial and industrial accounts throughout the Rocky Mountain Region
- The investment from Court Square will allow the Company to continue expanding into new markets through both greenfield locations and strategic add-on acquisitions
- Stephens Inc. acted as exclusive financial advisor to Lariat Partners and Offen Petroleum LLC in the transaction
About the company
Offen Petroleum
Offen traces its roots to the 1930’s. The Company distributes over 1 billion gallons of motor fuel annually and serves as both a branded and unbranded wholesale motor fuel distributor in 14 Rocky Mountain West states. In addition, to motor fuels, Offen also sells lubricant products and solutions for the commercial, industrial and passenger car segments, as well as diesel exhaust fluids used in emission controls. More information on Offen can be found at www.offenpetro.com
Lariat Partners
Lariat Partners is a Denver-based private equity firm focused on redefining the private equity experience in the lower-middle market. With its People First, Strategy Second relationship philosophy and its CORE investment strategy targeting Consolidations, Consumables and Recurring Revenue businesses, Lariat offers a differentiated approach to partnering with entrepreneurs and growing their middle market businesses. For more information, visit www.lariatpartners.net
Court Square Capital Partners
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 225 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $6.5 billion of assets under management and is based in New York, NY. For more information on Court Square, please visit www.courtsquare.com
Sources: Lariat press release, Offen website and Court Square website.
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