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MacEwen Petroleum completes acquisition of Jim Moore Petroleum and Moore Propane to expand its service

Jul 04, 2024•over 1 year ago

Acquiring Company

MacEwen

Acquired Company

Moore Propane

North BayNorth BayNorth BayOil And GasOil And GasOil And Gas

Description

MacEwen Petroleum has announced the acquisition of Jim Moore Petroleum and Moore Propane, companies with over 50 years of experience in the petroleum sector. MacEwen looks forward to leveraging the expertise and customer service legacy of the Moore family to further enhance its service offerings and continue delivering exceptional customer experiences.

Company Information

Company

MacEwen

Location

North Bay, Ontario, Canada

About

MacEwen Petroleum is a petroleum company headquartered in North Bay, Ontario, serving Muskoka, Sudbury, and Northern Ontario. With a focus on fuel supply, equipment maintenance, and offering the full line of Klondike Lubricants for oil and lubricant needs, MacEwen Petroleum provides a range of services to residential, commercial, and retail customers.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed