ThompsonGas, LLC acquires the delivered fuels business of WTG Fuels, LLC
Sep 19, 2024•about 1 year ago
Acquiring Company
ThompsonGas
Acquired Company
WTG Fuels
FrederickMidlandEnergyOil And GasDescription
Matrix Capital Markets Group, Inc. facilitated the successful sale of the propane, commercial motor fuels, and lubricants business of WTG Fuels, LLC to ThompsonGas, LLC. This acquisition further solidifies ThompsonGas, LLC's position as a key player in the propane, commercial motor fuels, and lubricants market.
M&A Insights
Based on deal dataIntegration 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
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