F.N.B. Capital Partners and Daboosh Investments have partnered to acquire Ullman Oil Company, a prominent fuel supplier in Northeast Ohio, with the goal of leveraging its established market presence for future growth.

Information on the Target

Ullman Oil Company, headquartered in Chagrin Falls, Ohio, is a family-owned business with nearly five decades of experience in the fuel supply industry. The company specializes in providing a range of fueling services, including gasoline, diesel fuel, bio-diesel, home heating oil, and lubricants. Ullman serves a diverse clientele, encompassing commercial, industrial, and residential customers throughout Northeast and East Ohio.

As a full-service supplier and distributor, Ullman has built a solid reputation through long-standing relationships with its customers, ensuring high-quality service and reliability. The Ullman family will continue to play an active role in the business operations alongside their new partners, Daboosh Investments, LLC.

Industry Overview

The fuel supply industry in Ohio is characterized by a competitive landscape with numerous players operating across various segments, including retail, wholesale, and transportation. The