Palmdale Oil recently acquired Maassen Oil Company, a Florida-based distributor of refined fuel, lubricants, and propane.
Terms of the transaction were not disclosed.
Founded in 1931 and based in Arcadia, Maassen supplies a diverse product offering, including propane, dyed off-road diesel and clear on-road diesel, gasoline, and lube oils to a broad base of commercial and residential customers across the region.
“Like Palmdale, Maassen is a family-owned business that prioritizes personalized customer service,” Palmdale CEO Lachlan Cheatham said in a news release. “This partnership will enhance our transportation efficiency, and allow us to maintain our exceptional service standards, while reaching more customers within the Tampa and Fort Myers regions.”
The transaction enables Palmdale, a provider of fuels, lubricants, and chemicals in Florida, to expand its capabilities and bulk plant footprint across the state.
“Palmdale shares our values and commitment to exceptional service and respects the strength of our connection to the markets and communities in which we operate,” said David Maassen, Maassen co-owner. “As part of the Palmdale family, customers will continue to receive the high-quality refined fuel, lubricants, and propane products customers rely on, while benefitting from Palmdale’s expanded distribution network and capabilities and operational expertise, including across the agriculture and industrial markets.”