Service Type: Buy-Side Advisory
Client: Slidell Oil Company
Client Description: A convenience retail chain and branded distributor of motor fuels in the SE United States.
- Corner Capital was approached by a professional services firm to source a strong, regionally strategic buyer of the firm’s client.
- The Seller was a multi-generational operator of lubricants, convenience retail, commercial fuels, and dealer accounts, owned by inactive shareholders in the process of resolving estate planning issues.
- Corner Capital canvassed its relationships in the region, qualifying key potential buyers with the operational expertise and financial wherewithal to perform on the transaction.
- Corner Capital selected a regional operator that sought expansion into the Seller’s geography, along with new supplier relationships held by the Seller. Corner Capital assisted its buyer in the underwriting, financing, and negotiation of documents to successfully acquire the Company in less than 3 months.