Hoosier Penn Oil Co., LLC
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Hoosier Penn Oil Co., LLC - overview
Established
1976
Location
Indianapolis, IN, US
Primary Industry
Oil & Gas
About
Based in Indiana, US, and founded in 1976, Hoosier Penn Oil Co. , LLC is an oil delivery and equipment service provider. In October 2023, Cadence Petroleum Group, a portfolio company of Wellspring Capital Management, acquired Hoosier Penn Oil Co. , LLC.
As of 2023, the company is led by its president, Brian Johnson. Hoosier Penn provides various oil and gas-related products and services, such as first-rate bulk and packaged lubricant delivery services; oil pumping equipment installation and servicing; repair of tanks, reels, waste oil systems, pumps, air systems, and fluid inventory control systems; and many more, to clients in Indianapolis, Jeffersonville, South Bend, and Kansas City. The company also engages in the car dealership business, through which they offer oil change services.
Current Investors
Cadence Petroleum Group
Primary Industry
Oil & Gas
Sub Industries
Automobile Repair, Oil & Gas Equipment and Services, Petroleum Wholesale Distribution
Website
www.hpoil.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Hoosier Penn Oil Co., LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Hoosier Penn Oil Co., LLC | - |
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