Fifth Third Securities Advises Par Mar Oil Co. on Sale to Croton Holding Company
April 07 2016 - 1:03PM
Business Wire
Fifth Third Securities, Inc. served as the exclusive financial
advisor to Par Mar Oil Company on their recent acquisition by
Croton Holding Company.
The closing of the transaction represents the second downstream
petroleum M&A success for Fifth Third Securities this year,
coming shortly after CST Brands’ $425 million acquisition of Flash
Foods, Inc. in February. Fifth Third represented the seller, Flash
Foods, in that transaction.
“This transaction highlights the continued strategic activity in
this industry and the value of partnering two organizations that
can grow by leveraging their complementary expertise,” said Rob
Bohn, Fifth Third Bank’s director of downstream petroleum
investment banking.
Based in Marietta, Ohio, Par Mar Oil Company operates 52
convenience stores and several car washes in West Virginia, Ohio
and Kentucky, which are branded with BP, Shell, Marathon and Exxon
fuel. The Company also includes 16 quick-service restaurants,
branded as A&W, Fazoli’s, Quiznos, Subway and Par Mar’s
proprietary food service.
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version on businesswire.com: http://www.businesswire.com/news/home/20160407006300/en/
For Fifth Third Securities, Inc.Sean Parker (Media),
513-534-6791orRob Bohn (Customers), 404-279-4542
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