Corporate Finance in Atlantic Canada

Commentary on corporate finance issues for small- & mid-market private companies in Atlantic Canada

Maritime Fuels acquires Affordable Fuels

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https://www.thechronicleherald.ca/business/discount-fuel-delivery-company-bought-by-maritime-fuels-251969/

The Chronicle Herald is reporting that Halifax-based Affordable Fuels has been sold to Maritime Fuels.   Steve Williams was the vendor while Charles Higgins and Ivan Cassell are the principals behind Maritime, which in turn acquired the former Pepco business in Atlantic last year.

This is further consolidation of the heating oil distributor market in NS, which I’ve commented on here over the last several years.

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Written by Dan Jennings

October 23, 2018 at 5:06 pm

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