Seattle, Washington (PRWEB) November 13, 2013
ACT Capital Advisors, LLC announced today that Taku Oil Sales, Inc. has been acquired by Crowley Petroleum Distribution LLC. Taku Oil Sales is a provider of aviation, heating, fuel and lubricant oils for Juneau, Alaska and surrounding areas. Taku Oil has provided petroleum distribution services to Juneau for nearly half a century.
The change in ownership will do little to disrupt the core operations of Taku. Crowley and Taku share similar cultures and the Taku Oil employees have been welcomed into the Crowley team with open arms. “Our goal is a seamless transition and supporting the fine employees of Taku Oil going forward,” said Bob Cox, Crowley vice president.
As a family-owned and operated business, Taku Oil Sales, Inc. has worked with individuals and local businesses in southeast Alaska for over 50 years. The business has deep roots in southeast Alaska and will continue its tradition for years to come.
“The acquisition will allow us to grow in the southeast Alaska market and offer our existing customer base service in more areas.” Said Cox. “The Taku staff share similar values in safety, environmental protection and customer service with Crowley, and our team has substantial resources to support them.”
Taku Oil founders sought to exit the business as part of a defined retirement plan. “We ultimately helped the owners to sell the company in a strategic way to the right, most fitting buyer at the most opportune time,” said Robert Hild, managing director of ACT. “We offer our sincerest congratulations to the entire Taku team who’ve spent the better part of five decades building a business they could be proud of selling.”
About ACT Capital Advisors, LLC
ACT Capital Advisors, LLC advises companies on capital transactions including both buy and sell-side engagements in mergers, acquisitions and recapitalizations. For over 25 years, ACT has provided strategic expertise to a number of key markets including construction, manufacturing, aerospace, oil distribution, financial services and technology. The principals have helped long-standing business owners unlock over $1 billion in transaction volume. ACT has offices in Seattle, Portland, Phoenix and New York. For more information, please visit http://actcapitaladvisors.com/