Hughes Hubbard & Reed provided strategic advice to PetroChoice, a leading provider of lubrication solutions, in its acquisition of Ohio-based Suburban Oil Company, a supplier of petroleum lubricants.
The acquisition, which closed in June, will allow PetroChoice to expand both its product and service offering to customers and its geographic footprint.
“Suburban is a great fit with PetroChoice and we are impressed by Suburban’s highly trained team,” said Shane O’Kelly, CEO of PetroChoice. “Like us, they pride themselves on delivering comprehensive lubrication solutions to their customers. This acquisition creates a significant opportunity for us to expand our distribution presence into Ohio, Indiana and Kentucky.”
The transaction was the latest one Hughes Hubbard has worked on this year involving Pennsylvania-based PetroChoice. In January, Hughes Hubbard advised Greenbriar Equity Group LLC in its purchase of PetroChoice from KRG Capital Partners. In April, Hughes Hubbard advised PetroChoice in its acquisition of Lorenz Lubricant Company Inc., a Minnesota-based company that bolstered PetroChoice’s presence in the agriculture, construction, industrial, manufacturing, railway and transportation industries in the Midwest.
Chuck Samuelson, Steve Greene, Sam Sultanik, Jim Delaney, Bruce Goldberger, Alex Anderson, Ross Lipman, Jason Habinsky, Erin DeCecchis, Kate O’Donnell, Yusef Windham, Kyle Leingang and Jenny Liang worked on the deal.