Palmdale Oil to acquire Maassen Oil Co.

Palmdale Oil, a provider of fuels, propane, lubricants and chemicals with delivery solutions across Florida, acquired Maassen Oil Co. Inc., a Florida-based distributor of refined fuel, lubricants and propane. Financial terms of the transaction were not disclosed.

Legacy Energy Consulting facilitated the acquisition for Maassen Oil.

Founded in 1931 and based in Arcadia, Florida, Maassen supplies a diverse product offering, including propane, dyed off-road diesel and clear on-road diesel, gasoline and lube oils to a broad base of commercial and residential customers across the region.

The transaction enables Palmdale to strategically expand its capabilities and bulk plant footprint across Florida. The family-owned business, headquartered in Palm Beach Gardens, Florida, operates in more than 50 counties across the state.

“Like Palmdale, Maassen is a family-owned business that prioritizes personalized customer service,” says Lachlan Cheatham, CEO of Palmdale. “This partnership will enhance our transportation efficiency and allow us to maintain our exceptional service standards while reaching more customers within the Tampa and Fort Myers regions.”

David Maassen, co-owner of Maassen, says Palmdale shares its values and commitment to service and respects the strength of its connection to the markets and communities in which it operates.

“As part of the Palmdale family, customers will continue to receive the high-quality refined fuel, lubricants and propane products customers rely on while benefiting from Palmdale’s expanded distribution network and capabilities and operational expertise – including across the agriculture and industrial markets,” he says.

For Legacy Energy Consulting, the transaction marks its third deal closure in 2024 after facilitating the sale of Island Energy’s forklift assets as well as Waquie Propane earlier this year. It now has completed seven deals in Florida and 19 overall since its inception in 2020. Legacy provides business acquisition and evaluation services connecting buyers and sellers. The company is led by Chad Pendill, president, and Tyler Pendill, director of sales and marketing.

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