Janas announces sale of Petroleum Distributor Lee Escher Oil Co.
Janas announces sale of Petroleum Distributor Lee Escher Oil Co. – 04/24/08
Janas Associates is pleased to announce the sale of Petroleum Distributor Lee Escher Oil Co. (“Escher”) to Glenn Beck Oil Co. Janas Associates represented the owners of Escher in identifying interested buyers, structuring the sale, and supporting completion of the transaction.
The sellers of Lee Escher Oil were particularly motivated by the prospect of higher capital gains taxes. Owners who sell their businesses after 2008 could face the prospect of federal capital gains income tax rates increasing from 15% to 20-25%.
Now is an excellent time to sell a fuel and lube distribution business. Mergers and Acquisitions in the industry are active and buyers are plentiful. For an owner who plans to sell within the next five years, the combination of low taxes, plentiful buyers and favorable prices make the current market an ideal time to monetize your life’s work.
Janas Associates is a leading middle market investment banker representing buyers and sellers in the petroleum distribution industry. For more information, please contact Mike Poma, Managing Director at Janas Associates (former Owner of Inland Empire based Poma Companies) at 626-432-7000.