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Financial Advisor

Offen Petroleum LLC

Value Not Disclosed 01/10/2018 Specialty Distribution Complete
Lead Banker: Brad Yates
Financial Sponsors
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Transaction Details

  • Lariat Partners (“Lariat”), a Denver-based private equity firm, announced on January 10, 2018, that it has made a significant investment in Offen Petroleum (“Offen” or the “Company”), a leading independent provider of fuel, lubricants, and logistics services in Colorado and the Rocky Mountain region
  • The Company has grown to over 500 million gallons annually and today serves as both a branded and unbranded wholesale fuel supplier. Offen sources and sells fuel in 12 states
  • In addition to fuels, Offen’s lubricants division provides products and solutions for the commercial, industrial, and passenger car segments, as well as diesel exhaust fluids used in emission controls
  • The investment from Lariat will allow the Company to continue expanding into new markets through both greenfield locations and strategic add-on acquisitions
  • Stephens Inc. served as exclusive financial advisor to Offen Petroleum, Inc. in the transaction

About the company

Offen Petroleum

Offen Petroleum is a fuel, lubricants, DEF and premium additives wholesale distributor based in Denver, Colorado. The Company serves a broad range of commercial and industrial fuels and lubricants accounts, as well as retail gasoline outlets throughout the Rocky Mountain Region. For additional information, please visit www.offenpetro.com/.

Lariat Partners

Denver-based Lariat Partners is a 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. The firm targets companies across a number of industries, including Specialty Distribution, Energy & Environmental Services, Food & Agribusiness, Consumer Products and Maritime Services. For additional information, please visit www.lariatpartners.net.

Sources: Company documents and Stephens Inc. internal data.
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