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Wednesday, 08 March 2017 08:54

Crystal Flash acquires Southeast Michigan fuels distributor

Written by  MiBiz Staff
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GRAND RAPIDS — Fuel distributor Crystal Flash Inc. has expanded its geographic footprint into Southeast Michigan with a new acquisition, its tenth since 2011.

The deal for the Adrian-based Lenawee Farm Bureau Oil Cooperative includes more than 500 customers. Two employees will stay on with Grand Rapids-based Crystal Flash, according to a statement.

Terms of the deal, which was finalized this month, were not disclosed.

Lenawee County Farm Bureau Oil Cooperative serves agricultural, commercial, construction and home heating oil customers.

Grand Rapids-based Charter Capital Partners served as financial adviser to Crystal Flash on the deal. The employee-owned company employs 250 people at 15 locations in Michigan.

Read 1004 times Last modified on Wednesday, 08 March 2017 09:01

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