Finning completes $260 mln buy of Kelso-owned 4Refuel
Finning International Inc (TSX: FTT), a Vancouver-based Caterpillar equipment dealer, has wrapped up its acquisition of 4Refuel LP, a Toronto-based provider of mobile on-site refueling services. Finning paid about $260 million. The sellers included U.S. private equity firm Kelso & Co, which acquired 4Refuel in 2013 from TorQuest Partners. The other owners were Penske Truck Leasing, TRP Capital Partners and Crescent Capital. Founded in 1995, 4Refuel serves construction, transportation, oil and gas, power generation and other sectors in North America.
4 February 2019•1 min read
