Petroleum Solutions, Inc.
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Petroleum Solutions, Inc. - overview
Established
1970
Location
-, TX, US
Primary Industry
Oil & Gas
About
Petroleum Solutions, Inc. is a leading provider of comprehensive fuel and fluid management systems, specializing in construction, equipment distribution, and environmental compliance services for various industries. Founded in 1970 in Edinburgh, US, Petroleum Solutions, Inc. focuses on providing innovative fuel management solutions.
The company's leadership includes CEOs Tom Barron and Tony Anderson. Over the years, it has engaged in transformative business strategies, including a notable acquisition in September 2019 by Jones & Frank Corp. of Southern Air Heating And Cooling, though specific details of their operational changes were not disclosed. Petroleum Solutions, Inc.
offers a wide array of services tailored for fuel system owners, including petroleum construction, equipment distribution, automotive equipment, electrical contracting, and environmental compliance. The company also provides 24/7 service and repair, technical training, and electric vehicle (EV) charging solutions, catering to a diverse clientele that includes government entities, municipalities, educational institutions, and non-profit organizations through a network of 46 regional offices and 7 distribution centers across the United States. Petroleum Solutions, Inc. operates on a business-to-business model, servicing convenience stores, fuel retailers, and governmental organizations.
Revenue is generated from direct equipment sales, service contracts, and partnerships, with offerings designed to ensure compliance with EMV payment standards and support customer needs in fuel and fluid storage solutions. Petroleum Solutions, Inc. plans to expand its market reach by launching new products and enhancing its service offerings. The company aims to broaden its geographic presence, targeting more urban and suburban markets within the United States by 2024.
The recent acquisition and the strategic funding received will be utilized to support these growth initiatives, enhancing service capabilities and operational efficiency.
Current Investors
JF Petroleum Group
Primary Industry
Oil & Gas
Sub Industries
Facilities & Maintenance Services, Engineering, Consulting Services, Education & Training Services, Oil & Gas Equipment and Services, Construction
Website
www.petroleumsolutionsinc.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Petroleum Solutions, Inc. - 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 | Petroleum Solutions, Inc. | - |
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