Fuel Smarts

Mergers & Acquisitions

1  -  6  of  6

August 13, 2014 - Industry News

FleetCor Purchasing Comdata for Nearly $3.5 Billion

FleetCor Technologies, a provider of fuel cards and workforce payment services, has signed an agreement to purchase electronic payment services provider Comdata for $3.45 billion.

Tags: Comdata, Fleet Card, FleetCor Technologies, Mergers & Acquisitions

May 28, 2014 - Industry News

Marathon’s Speedway Purchasing Hess for Nearly $2.9 Billion

Hess is the largest operator of convenience stores along the East Coast and the fifth largest in the U.S. by number of company-operated sites with 1,256 stores located in 16 states. Speedway is the nation's fourth-largest convenience store chain by number of company-owned and operated sites, with approximately 1,480 stores located in nine states.

Tags: Gasoline, Hess Corporation, Truckstops, Diesel Fuel, Mergers & Acquisitions, Marathon Petroleum

April 17, 2014 - Industry News

Private Equity Firm Purchasing EFS

The private equity firm Warburg Pincus had reached an agreement to acquire the fuel card and fleets payment services provider Electronic Funds Source.

Tags: Fuel Management, Fleets, Mergers & Acquisitions, EFS

April 6, 2014 - Industry News

Diesel Direct Expands Mobile Fueling Services in Northeast

Diesel Direct, a mobile refueling company headquartered in Massachusetts, recently made an acquisition of mobile refueling assets from New-York-based HOP Energy.

Tags: Diesel, Fuel Management, Mergers & Acquisitions, Diesel Direct

November 17, 2013 - Industry News

TravelCenters of America Agrees to Purchase 31 Gas Stations for $67 Million

Travel Centers of America LLC has agreed to acquire 31 convenience stores with retail gasoline stations for $67 million, before closing costs and customary working capital adjustments. The seller is a private company which operates these stores under its proprietary brand name Minit Mart.

Tags: Expansion, Mergers & Acquisitions, Travel Centers of America

August 22, 2013 - Industry News

Smith Electric to Form Joint Venture in Taiwan

Smith Electric Vehicles has signed a letter of intent to form a joint venture with Taikang Technology Corp. in Taiwan. Taikang Technology, a commercial vehicle manufacturer in Taiwan, has twenty-five years of automotive experience and has expertise in upfitting specialized municipal commercial vehicles.

Tags: Smith Electric Vehicles, Mergers & Acquisitions, EVs, Alternative Fuels & Hybrids, Global

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