Univar Solutions Inc. and Apollo announced today that funds managed by affiliates of Apollo (the “Apollo Funds”) have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion. The transaction includes a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”).

STERN Co. of Freeman, SD purchased Raymond Oil of Huron, SD effective Feb. 1, 2023.

UMO divestiture significantly streamlines business, improving focus on conventional fuels refining operations and initial renewable diesel production operations at Mobile, AL facility. Net proceeds of $85 million provide substantial liquidity to improve balance sheet health, as well as pursue incremental organic investment opportunities.

Matrix Announces the Successful Sale of Alpena Oil, Inc. Matrix Capital Markets Group, Inc., a leading, independent investment bank, announces that it has advised Alpena

Cadence Petroleum Group continues its expansion with the acquisition of Yoder Oil Company. Yoder is a 3nd generation fuel, oil, and diesel exhaust fluid distributor headquartered in Elkhart, IN. They operate a second distribution center in Indianapolis, IN, along with 4 unattended cardlocks in northern Indiana.

Offen Petroleum Enters the Great Lakes Region with Gas Depot Acquisition Offen Petroleum (“Offen”), announced today that it has completed the acquisition of the wholesale

Arguindegui Oil Co, II, Ltd. Acquires Sunoco Energy Services operating units in Texas and Oklahoma Arguindegui Oil Co, II, Ltd. (‘AOC’), one of the nation’s

Majors Management Announces Acquisition of Davis Oil Co. Majors Management, LLC, and its affiliates (“Majors”) of Lawrenceville, GA, a recognized retail petroleum industry leader, announces

Shell Acquires Allied Reliability, Further Expanding its North American Lubricants Business Pennzoil-Quaker State Company d/b/a SOPUS Products, a wholly-owned subsidiary of Shell USA, Inc.  that