River's Edge Alliance Group, LLC completed the sale of JSM Fuels to Heartland Industries, LLC. Financial terms of the transaction were not disclosed. River's Edge Alliance Group served as the exclusive sell-side advisor to JSM Fuels.
JSM Fuels is a commercial, industrial, and residential fuel and lubricant transportation company located in Salem, Ohio doing business as Southwest Fuels. The company distributes fuels, lubricants, and heating oils to customers in Ohio and Pennsylvania.
Jaclyn Ring of River's Edge Alliance Group, the lead sell-side advisor to JSM Fuels, believes Heartland will do well as the new owners of JSM Fuels. "JSM is an excellent company with strong leadership and a great culture of teamwork. I'm confident Heartland will be thrilled with this acquisition."
For more information on how River's Edge Alliance Group can assist you in valuing, selling, or acquiring a lower-middle market company, please contact Scott Mashuda at (440) 915-3082, or by e-mail at smashuda@RiversEdgeAlliance.com.
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