SPATCO acquires Petro Supply to expand fuelign assets
In under three years, SPATCO has tripled EBITDA via organic growth and strategic acquisitions of complementary, market-leading businesses.
Kian Capital-backed SPATCO Energy Solutions completed the acquisition of Petro Supply, a distributor of petroleum equipment in the Mid-Atlantic region.
Combined with the acquisition of McKinney Petroleum Equipment in January of 2023, the platform is expanding its geographic reach while bolstering its dominant stronghold in the Southeast.
Founded in 1971 by Galen Heaps, Petro Supply specializes in the sale and distribution of petroleum equipment, including parts and materials for the construction and maintenance of gas stations, convenience stores and petroleum & chemical handling facilities.
“We are proud of the differentiated platform we’ve developed and that highly-respected business owners like Galen, Brandon and Kevin are entrusting SPATCO as a partner to continue their legacies. The strength of their respective teams is undeniable and will provide a huge leap forward in our strategy to be the top integrated platform in the country for the petroleum convenience store and EV markets,” said John Force, President & CEO of SPATCO.
Earlier this year, SPATCO completed the acquisition of McKinney Petroleum Equipment, a market-leading single-source petroleum provider in Alabama, further solidifying its position in the Southeast with a strong Gulf Coast presence.
