Cortland Assists Dykstra Construction in its Sale to JF Petroleum Group
FOR IMMEDIATE RELEASE:
11 February 2022
Cortland Assists Dykstra Construction in its Sale to JF Petroleum Group
Plant City, FL (Feb. 11) --- Cortland Advisors, a leading merger, and acquisitions advisory firm, is pleased to announce the sale of its client Dykstra Construction, to JF Petroleum Group. The private transaction closed on February 7, 2022.
Founded in 1999, Dykstra Construction is a commercially certified, multi-industry contractor specializing in commercial and convenience store construction and petroleum equipment installation and repair serving a strong customer base of national brands including RaceTrac, Dollar General, Exxon Mobil, and 7-Eleven. Dykstra Construction is widely recognized in the state of Florida for its exceptional quality, expertise in fuel system design and installation and general contracting.
JF Petroleum is a leading provider of turn-key distribution, construction and service solutions to the North American fueling infrastructure industry. The company serves retail fueling stations, commercial and government fleets, and emergency power customers across the United States.
Among its many attributes, Dykstra Construction’s leadership position in the petroleum industry was of great interest to JF Petroleum Group. With this acquisition, JF Petroleum Group expands its services footprint in the Southeastern region of the country.
“Given the growing demand for construction services throughout our Southeast and Gulf Coast Regions, this acquisition will significantly enhance our ability to provide best in class turnkey construction solutions to our customers,” said Keith Shadrick, CEO of JF Petroleum Group.
With the transaction complete, Dykstra Construction’s Darry Dykstra will stay on with JF Petroleum Group in a senior leadership role.
“Cortland’s M&A team did a great job,” said Dykstra. “They were with me all the way. I can’t say enough good things about Cortland. At this point, I’m just relieved the deal is over. I really appreciate everything Cortland did.”
“We are pleased to get this transaction done for our clients,” said Adrian Logue, CEO of Cortland Advisors. “We’re very happy for Darry and Heather. We think the combination of Dykstra Construction and JF Petroleum Group is a great match. From the start of our acquisition discussions with the Dykstra team, it was clear that there was a high level of interest to get the right deal done,” said Logue.
About Cortland Advisors
Cortland Advisors is a Mergers & Acquisitions Advisory Services firm that specializes in transactions between $20-100 mm. Cortland makes a market in several industry verticals including IT, Government Contracting, Software and Commercial Construction Services. Cortland offers full-service transaction support, including M&A Advisory, management consulting and strategic planning. Visit the firm’s website to learn more: www.cortlandadvisors.com.
Media Contact
Randy Coppersmith
rcoppersmith@cortlandadvisors.com
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