Background
- Founded in Ireland, Naas Oil is a family owned home heating oil business and owner/operator of nine retail forecourt stations
- As part of the transaction, Naas Oil Co Limited sold seven of its motor fuel service stations and convenience stores to Maxol
- Founded in 1920, Maxol is an Irish oil company and part of McMullan Bros. Limited
Process
- DC Advisory acted as exclusive financial advisor to the shareholders of Naas Oil on its sale of the company
- DC Advisory worked with Naas Oil to engage a group of potential acquirers for the business, leveraging its knowledge of the business service space to identify a tailored group of appropriate buyers
- DC Advisory ran a competitive process where a number of parties bid for the asset
Outcome
- In August 2024, Naas Fuels Limited was sold to Maxol
- This transaction showcases DC Advisory’s expertise in the Energy and Consumer sectors