The global shift towards low-carbon energy to address greenhouse gas emissions and climate change has prompted major energy companies to transform their operations. This is driving growth in demand for cleaner fuels and their delivery logistics. As a result, we are seeing significant interest in M&A activity in the fuel distribution and logistics segment.
Superior, a North American distributor and marketer of propane, distillates, and other fuels recently acquired Certarus, a North American distributor of CNG, RNG, and hydrogen. Certarus was valued in the deal at over $1 billion reflecting both the company and this segment’s attractiveness.
Other notable acquisitions in this segment include RelaDyne buying Lucalza and SunCoast, BP’s acquisition of T.A., Global Partners acquiring Gulf, and Offen Petroleum’s deal with Gas Depot. Exhibit 1 provides a summary of recent acquisitions and their underlying motivations.
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