11/07/2023
Citizens Advises Palmdale on its acquisition of Como Oil & Propane
PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Palmdale, a portfolio company of private equity firm First Reserve, on its acquisition of Como Oil & Propane. Founded in 1946, Como Oil is a premier provider of propane, fuel and generator services along the east coast of Florida. First Reserve is a leading global private equity investment firm exclusively focused on investing across diversified energy, infrastructure and general industrial end-markets. Financing for the transaction was also provided by Citizens.
Having facilitated the partnership between First Reserve and Palmdale earlier this year, Citizens continues to provide strategic counsel to Palmdale and First Reserve as they execute on this acquisition, which significantly expands Palmdale’s growing product offering and adds additional density and scale in the Florida region.
Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 100 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens JMP Securities, LLC., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $225.3 billion in assets as of September 30, 2023. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,300 ATMs and approximately 1,100 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
# # #
