Pinsent Masons advises DCC on the acquisition of oil distribution assets from Total in Britain, the Isle of Man and the Channel Islands
27 Sep 2011 | 04:46 pm |
International Law firm Pinsent Masons has advised DCC plc on the conditional acquisition from Rontec Investments LLP of oil distribution assets currently owned by Total for approximately £59 million.
Total Butler is a transport, commercial and home heating oil distribution business. DCC will acquire 40 Total depots and the right to supply fuel to 300 retail service stations across the UK. The acquired business employs 550 staff, has a fleet of 200 transporters and sold 1.5 billion litres of fuel in 2010. The deal is part of a larger acquisition by Rontec of Total oil distribution assets, due to be completed by the end of the year.
The Pinsent Masons team advising on the deal was led by Corporate Partner, Andrew Kerr, assisted by Legal Directors, Catherine Hemsworth and Ian Mckie.
Tommy Breen, Chief Executive of DCC, said: "This acquisition represents a further significant step forward in DCC's growth strategy in oil distribution in Britain. It will considerably extend DCC Energy's presence in England and Wales and will also enhance our ability to serve customers throughout the market."
Commenting on the deal Andrew Kerr said: "This was an extremely complex transaction delivered effectively by the Pinsent Mason team working closely with the DCC team. We are delighted to have assisted DCC in this significant deal."
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons forges strategic partnership with Legora
Multinational law firm Pinsent Masons has today announced its global firmwide strategic partnership with leading legal AI platform Legora following an extensive pilot programme across its corporate, commercial and property groups.
Pinsent Masons advises Q ENERGY on the design and drafting of a refurbishment contract for a pioneering and innovative wind farm project based on second-hand turbines in France
Pinsent Masons has advised Q ENERGY on the design and drafting of a refurbishment contract for an innovative wind project in France, relying exclusively on second-hand wind turbines. The project, scheduled for commissioning in 2028, represents a significant step forward in the integration of circular‑economy principles within the renewable energy sector.
Pinsent Masons expands global arbitration offering with strategic partner hire in London
Multinational law firm Pinsent Masons has strengthened its international arbitration practice with the appointment of Cem Kalelioglu as a partner in London, reinforcing the firm's growing presence in high-value investor-state and commercial disputes.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons advises on sale of VLocker to Venu+
Multinational law firm Pinsent Masons has advised on the sale of VLocker, a global leader in the design, manufacture, installation and management of electronic locker systems, to Venu+, a United States‑based portfolio company of private equity fund ZCG.
Pinsent Masons advises INDY Cinema on its acquisition by VERSANT
Multinational law firm Pinsent Masons has advised international cinema technology business INDY Cinema (INDY) on its acquisition by New York-based VERSANT, an industry-changing media and entertainment company.
Pinsent Masons advises on acquisition of Alba Renewables
Multinational law firm Pinsent Masons has advised Southeast Asia-based clean energy developer Alba Renewables on its acquisition by a leading global investment firm.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]