SPATCO Energy Solutions, LLC
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SPATCO Energy Solutions, LLC - overview
Established
1935
Location
Charlotte, NC, US
Primary Industry
Oil & Gas
About
SPATCO Energy Solutions, based in the US, delivers integrated energy solutions for the petroleum sector, specializing in fueling systems design, installation, and maintenance for diverse clients. SPATCO Energy Solutions, LLC was founded in 1935 and operates primarily in Charlotte, US. The company focuses on providing energy solutions specifically for the petroleum industry. Over its history, SPATCO has maintained a consistent operational focus, with no significant pivots mentioned.
The current CEO is John Force. The company has engaged in 6 deals with the most recent deal occurring on August 14, 2024, when RF Investment Partners fully exited its stake in SPATCO Energy Solutions. Financial terms of this exit were not disclosed. SPATCO specializes in comprehensive energy solutions for the petroleum industry, focusing on the design, installation, and maintenance of fueling systems.
Their core offerings include dispensers, tanks, and POS systems tailored for retail and commercial businesses. Additionally, SPATCO designs dispensing and storage systems for Diesel Exhaust Fluid (DEF) to ensure safety and effectiveness. Their services extend to environmental compliance assessments, fuel remediation, tank cleaning, and electric vehicle charging infrastructure solutions. SPATCO serves clients such as retail convenience stores, municipal facilities, and commercial fleets across various US geographical markets.
SPATCO generates revenue through direct sales and services related to their extensive range of fueling solutions. The company operates on a B2B model, engaging with retailers and commercial clients for equipment and service procurement tailored to their specific fueling needs. Revenue streams include equipment sales, installation services, and maintenance contracts, with a focus on minimizing client downtime. Their flagship products, such as advanced DEF dispensing systems and environmental remediation services, are integral to the business model, with pricing structures tailored to client specifications and regular maintenance agreements ensuring timely support.
SPATCO is actively pursuing the development of new products, although specific details regarding upcoming launches have not been disclosed. The company has plans to expand into additional geographic regions, seeking opportunities in markets that are currently underserved. Recent funding will support these strategic initiatives, although specific allocation details were not provided. The most recent deal on August 14, 2024, indicates ongoing financial activity and strategic planning within the company.
Current Investors
PA Capital, Kian Capital, RF Investment Partners
Primary Industry
Oil & Gas
Sub Industries
Petroleum Refining, Oil & Gas Exploration and Production, Petroleum Wholesale Distribution, Commodity Chemicals
Website
www.spatco.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
SPATCO Energy Solutions, 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 | Excell Fueling Systems | - | ||||||||
| Add-on | Completed | Hobby Electric Inc. | - | ||||||||
| Add-on | Completed | UST Services Corporation | - | ||||||||
| Unspecified Exit | Completed | SPATCO Energy Solutions, LLC | - | ||||||||
| Add-on | Completed | Blue1 Energy Equipment | - |
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