Sell-side Advisor
Yoder Oil Co.
M&A Advisory
Has Been Acquired By
A Portfolio Company Of
Transaction Details
- On January 17, 2023, Cadence Petroleum Group (“Cadence”), a portfolio company of Wellspring Capital Management, announced its acquisition of Yoder Oil Company (“Yoder”)
- Founded in 1937, and based in Elkhart, Indiana, Yoder is a leading, family-owned commercial, industrial and passenger fuel, lubricant and DEF distributor
- Financial terms of the transaction were not disclosed
About the company
Yoder Oil Company
Yoder is a leading fuel, oil, and diesel exhaust fluid distributor in Indiana, Michigan, Ohio, and Illinois. The business was founded by Gerald Yoder in 1937, transitioned to his son Kent Yoder, and is currently led by the 3rd generation owner, Brett Yoder. For additional information please visit yoderoil.com.
Cadence Petroleum Group
Cadence is one of the largest distributors of lubricants, fuel, antifreeze, diesel exhaust fluid, and other ancillary products for the eastern and central United States. For additional information, please visit cadencepetroleum.com.
Wellspring Capital Management
Wellspring is a leading private equity firm headquartered in New York. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. The firm functions as a strategic partner, providing management teams with top-line support, M&A experience, financial expertise and access to resources. For additional information, please visit wellspringcapital.com.
Source: Press Release, Company Information.
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