Palmdale to Acquire Maassen Oil Company

Palm Beach Gardens, Fla. (Aug. 6, 2024) — Palmdale Oil, a leading provider of fuels, propane, lubricants and chemicals with delivery solutions across the state of Florida, announced it has acquired Maassen Oil Company Inc., a Florida-based distributor of refined fuel, lubricants and propane. Financial terms of the transaction were not disclosed.

Founded in 1931 and based in Arcadia, Florida, Maassen supplies a diverse product offering, including propane, dyed off-road diesel and clear on-road diesel, gasoline, and lube oils to a broad base of commercial and residential customers across the region.

This transaction enables Palmdale to strategically expand its capabilities and bulk plant footprint across Florida.

“Like Palmdale, Maassen is a family-owned business that prioritizes personalized customer service. This partnership will enhance our transportation efficiency and allow us to maintain our exceptional service standards, while reaching more customers within the Tampa and Fort Myers regions,” said Lachlan Cheatham, chief executive officer of Palmdale.

“Palmdale shares our values and commitment to exceptional service and respects the strength of our connection to the markets and communities in which we operate,” said David Maassen, co-owner of Maassen. “As part of the Palmdale family, customers will continue to receive the high-quality refined fuel, lubricants and propane products customers rely on, while benefitting from Palmdale’s expanded distribution network and capabilities and operational expertise — including across the agriculture and industrial markets.”