M&A · Energy · Buyer's industry: Wholesale-Petroleum & Petroleum Products (No Bulk Stations)
Adams Resources & Energy, Inc. to acquire Phoenix Oil and Firebird Bulk Carriers
Announced Aug 17, 2022 · Closed Aug 17, 2022 · Private target
Deal value$33M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock
Transaction
- Acquirer
- Adams Resources & Energy, Inc. (AE)
- Target
- Phoenix Oil and Firebird Bulk Carriers
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Aug 17, 2022
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Classification
- Sector
- Energy
- Buyer's industry
- Wholesale-Petroleum & Petroleum Products (No Bulk Stations)