Midwest Growth Partners has recapitalized Ullman Oil Company, a certified women-owned fuel supplier in Northeast Ohio, to enhance its operational capabilities and support future growth.

Information on the Target

Ullman Oil Company, headquartered in Chagrin Falls, Ohio, is a Certified Women-Owned Business (WBENC) that supplies fuel, heating oil, lubricants, and related services to over 2,000 business and residential clients throughout Northeast Ohio. The Company is dedicated to serving diverse industries, including agriculture, as it directly services 192 farms with commercial tank wagons.

Founded in 1965 by the Ullman family, the Company has seen significant growth and transformation over the years. The current management team, led by CEO Jennifer Berlin and CFO Susan Akers, executed a buyout of the majority ownership in 2015, enabling them to enhance the operational capabilities and customer offerings, including becoming a certified Exxon-Mobile jobber.

Industry Overview in the Target's Specific Country

The fuel and lubricants industry in the United States is a critical sector that underpins various segments of the economy, particularly in regions reliant on agriculture, manufacturing, and log