Wellspring Capital Management has acquired Cadence Petroleum Group to enhance growth in lubricant and fuel distribution across the Southeast and Mid-Atlantic regions.

Target Information

Cadence Petroleum Group, established in 2018, is a prominent distributor of lubricant and fuel products operating primarily in the Southeast and Mid-Atlantic regions of the United States. The company was formed through the merger of several industry-leading companies and aims to enhance its market position and growth potential through the support of Wellspring Capital Management.

With its comprehensive portfolio and focus on strategic supplier relationships, Cadence is well-positioned to capitalize on emerging market opportunities in the petroleum distribution sector. The partnership with Wellspring aims to accelerate both organic growth and acquisition activities, further solidifying Cadence's leadership in the market.

Industry Overview

The lubricant and fuel distribution industry in the United States is a robust and essential sector, supporting numerous industries from automotive to manufacturing. D