October 24, 2018

Maritime Fuels acquires Affordable Fuels

The Chronicle Herald is reporting that Halifax-based Affordable Fuels has been sold to Maritime Fuels.

Steve Williams was the vendor while Charles Higgins and Ivan Cassell are the principals behind Maritime, which in turn acquired the former Pepco business in Atlantic last year.

This is further consolidation of the heating oil distributor market in NS, which I’ve commented on here over the last several years.

Our auction process

With our Atlantic Canada business brokerage service, we create a bidding war for the sale of your business. BDO will use the competitive tension amongst buyers to negotiate the best price and terms.

You pay us when you succeed

Our M&A fee structure is designed such that we are motivated to ensure your sale transaction is successful. Our fees are both contingent on a successful closing as well as tied to maximizing your proceeds.

Maintain confidentiality

Our M&A process is designed to maximize your sale proceeds while maintaining the confidentiality of your business with regards to customers, suppliers and employees.

The decision to sell can be a difficult one for any owner but today’s active markets may mean now is the time to sell your business.

Dan Jennings

Merger & Acquisitions Advisor and Business Broker
Partner, BDO, Atlantic