Conquest Oil has been acquired by Oil NRG Ltd, in a deal advised by KBS Corporate
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Conquest Oil, is a well-established independent fuel supplier, operating across the south of the UK.
Headquartered in Bedfordshire, the Company serves a wide customer base, across both commercial and domestic sectors, with long-standing relationships with both customers and suppliers.
The shareholders of Conquest Oil instructed KBS Corporate with the sale of their company due to their retirement plans.
Following a thorough research strategy, the opportunity attracted a wide range of interest from trade buyers, with multiple offers made.
Ultimately, following negotiations by KBS Corporate, an offer from Oil NRG, a fuel supply and distribution business, was accepted.
Oil NRG acquire Conquest Oil as part of their ongoing growth strategy, and the opportunity presents an ideal acquisition due to the location of Conquest Oil and the established customer base already in place.
Hassan Ahsan, of the KBS Corporate Finance team, advised on the deal and commented: ‘I have thoroughly enjoyed working on this deal and believe the outcome will benefit both parties. Our clients were able to achieve a deal that exceeded their expectations, whilst Oil NRG are able to continue their growth strategy and obtain substantial work. I wish all involved the best for the future.’