Wayne Fueling Systems
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Wayne Fueling Systems - overview
Established
1891
Location
Austin, TX, US
Primary Industry
Oil & Gas
About
Wayne Fueling Systems specializes in providing innovative fueling and convenience retail solutions, focusing on advanced technologies that enhance operational efficiency and improve customer experiences in various fuel retail environments. Founded in 1891, Wayne Fueling Systems is a provider of fueling solutions headquartered in Austin, US. The company has undergone strategic changes and is now a subsidiary of Dover Corporation, which acquired Wayne Fueling Systems for USD 780 mn in June 2016. The company has completed a total of 2 deals since its inception.
Wayne Fueling Systems offers a wide range of products and services under the Dover Fueling Solutions branding, primarily geared towards fueling and convenience retail solutions. Their offerings include fuel dispensers, payment platforms, environmental sensors, and fleet management systems that are designed to enhance operational efficiency and customer experiences. The flagship Anthem UX® platform integrates advanced technology for a seamless fueling process, while the Wayne PWR™ DC fast chargers address the growing electric vehicle market. Their solutions are distributed globally, catering to convenience stores, fuel retailers, and corporate fleets across North America, Europe, and parts of Asia.
Wayne Fueling Systems generates revenue through direct sales, partnerships, and subscriptions, primarily engaging in B2B transactions with retailers and commercial clients. Clients often enter multi-year contracts for essential equipment like the Helix® dispensers and the DX Fleet® management system, tailored to their specific needs. Revenue also comes from subscription services for environmental monitoring and fleet management, providing ongoing support and technology updates. Wayne Fueling Systems plans to leverage the recent acquisition funding to enhance its product offerings and expand into new markets.
The company is expected to launch upcoming products targeting both traditional fueling systems and electric vehicle charging solutions. The focus will be on strengthening its presence in emerging markets across Asia and Europe within the next few years, aiming to address the evolving needs of the fueling industry.
Primary Industry
Oil & Gas
Sub Industries
Petroleum Wholesale Distribution, Oil & Gas Exploration and Production, Oil & Gas Equipment and Services
Website
www.wayne.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Wayne Fueling Systems - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Wayne Fueling Systems | - | ||||||||
| Buyout | Completed | Wayne Fueling Systems | - |
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