The Reihill family has sold Top Oil to Irving Oil Limited. Financial details have not been disclosed.
Top Oil is a leading supplier of home heating oil, commercial and agricultural fuel in Ireland, with over 200 forecourt locations.
Irving Oil, founded in 1924, is an international refining and marketing company with a history of long term partnerships and relationships. Named one of Canada’s Top 100 Employers for 2017, Irving Oil operates Canada’s largest refinery in Saint John, New Brunswick, which is located 65 miles north of the US border, and has reached production rates in excess of 320,000 barrels per day. With over 900 fueling locations, operations from 10 distribution terminals and a delivery fleet of tractor-trailers, Irving Oil serves wholesale, commercial, and retail customers in Atlantic Canada, Quebec and New England.
Oaklins' team in Ireland acted as lead advisor on the sale of Top Oil to Irving Oil Limited. The team negotiated all the key commercial terms of the transaction and coordinated the legal advisors during the process.
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