Financial Wire

Gaubert Oil Signs Letter of Intent to Acquire Wholesale Division of Buffalo Services

-- Gaubert Oil said Monday it has signed a letter of intent to acquire the wholesale and transportation division of Buffalo Services.

Both parties indicated that the deal aligns with their respective long-term strategic goals, though specific financial terms of the agreement were not immediately disclosed.

The transaction remains subject to customary due diligence and final closing conditions, the company noted.

The proposed transaction encompasses Buffalo's unbranded commercial fuels distribution business along with all related transportation operations, marking a significant consolidation of regional energy logistics.

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