JEMKO Petroleum Equipment, Inc.
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
JEMKO Petroleum Equipment, Inc. is a company based in Erie, Pennsylvania, specializing in the provision of equipment and services for the automotive and petroleum industries. Established in 1958, JEMKO serves a broad range of customers, from gas stations to automotive service centers, offering both equipment sales and technical services. JEMKO focuses on supplying and servicing petroleum and automotive equipment, including installation, maintenance, and compliance inspections. Their expertise spans automotive lifts, air and lube delivery systems, retail and commercial petroleum equipment, and solenoid valves. They are particularly known for their technical services, including PA DEP-certified installations and repairs for above and underground storage tanks, air compressors, and lubrication systems. Product and Service Breakdown Automotive Equipment: - Lifts (e.g., Rotary Lift installations and parts) - Brake Lathes, Tire Machines, and Wheel Balancers (Ammco/Coats brand) - Air Compressors and Lubrication Systems (Champion, Alemite) Petroleum Equipment: - Storage Tanks (Above and underground, certified by PA DEP) - Fuel Control Systems - Dispensing Equipment - Lighting and Canopy Installations for fueling stations - Tank Monitoring Systems (Veeder-Root TLS 350/450) Solenoid Valves: - Solenoid valves used for anti-siphon control in hazardous locations, primarily in above-ground storage tanks. - Available models include 20 Series, 108 Series, and 115 Series valves. Technical Services: - DEP Compliance Inspections for petroleum equipment. - Maintenance and Repairs for a wide range of brands, including OPW, Husky, Fill-Rite, and more.
Keywords
Keywords
Classified
Private