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ThompsonGas, LLC acquires the delivered fuels business of WTG Fuels, LLC

Sep 19, 202410 months ago

Acquiring Company

ThompsonGas

Acquired Company

WTG Fuels

FrederickMidlandEnergyOil And Gas

Description

Matrix Capital Markets Group, Inc. facilitated the successful sale of the propane, commercial motor fuels, and lubricants business of WTG Fuels, LLC to ThompsonGas, LLC. This acquisition further solidifies ThompsonGas, LLC's position as a key player in the propane, commercial motor fuels, and lubricants market.

Company Information

Company

ThompsonGas

Location

Frederick, Maryland, United States

About

ThompsonGas, LLC is a leading provider of propane, commercial motor fuels, and lubricants, operating in 25 states, including Texas and New Mexico.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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