Palmdale Acquires Combs Oil Company

PALM BEACH GARDENS, Fla., Jan. 7, 2025 /PRNewswire/ -- Palmdale Oil ("Palmdale"), a leading provider of fuels, propane, lubricants, and chemicals with delivery solutions across the state of Florida, today announced it has acquired Combs Oil Company ("Combs" or the "Company"), a Naples, Florida-based distributor of diesel fuel, gasoline, lubricants, and related products. Financial terms of the transaction were not disclosed.

Established in 1967, Combs Oil Company has a nearly 60-year track record of high-quality distribution of gasoline and diesel fuel related products to customers throughout Southwest Florida. With the addition of Combs Oil Company, Palmdale continues to expand its geographical footprint and strategic bulk plant storage infrastructure in the region.

"Combs Oil Company has built an exceptional reputation for high-quality fuel distribution services for customers across Southwest Florida," said Lachlan Cheatham, Chief Executive Officer of Palmdale. "This partnership will expand our presence in a target market and allows us to better serve our collective customers in the region. As we continue to focus on thoughtfully growing our footprint, we are excited to expand our service offerings to the Combs customer-base and want to thank Dennis and his team for all of their hard work building Combs into the business it is today."

"We are thrilled to join forces with Palmdale – a family-founded and operated business that shares our dedication to excellence and personalized customer service," said Dennis Combs, President of Combs Oil Company. "This partnership marks the beginning of an exciting new chapter for Combs as part of an organization equally as committed to going above and beyond for its customers. We look forward to bringing an enhanced offering to our customers alongside the Palmdale family."

About Palmdale Oil
Palmdale is a leading statewide provider of fuels, lubricants, and chemicals with delivery and management solutions. Headquartered in Palm Beach Gardens, Florida, Palmdale is a family-owned business operating in more than 50 counties across Florida.

About Combs Oil Company
Combs Oil Company is a distributor of diesel fuel, gasoline, lubricants, and related products based in Southwest Florida. The Company was established in 1967 and is equipped with bulk plant storage infrastructure including tanks, rolling stock, and inventory.

Contacts

Mallory Doremus
Vice President of Sales & Marketing
[email protected]

Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

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SOURCE Palmdale Oil