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Mabanaft GmbH & Co. KG has acquired WESTFA Energy GmbH

Mabanaft GmbH & Co. KG, a leading independent energy company, has agreed to acquire 100% of the shares in WESTFA Energy GmbH from Adeleon Familienholding GmbH. The acquisition enables Mabanaft to strengthen its market position and to further expand its presence in Northwest Europe. Moreover, Mabanaft is thereby targeting to grow its end customer business, particularly in hard-to-electrify sectors.

Mabanaft, a subsidiary of Marquard & Bahls AG, is a leading independent and integrated energy company, specialized in the trading and supply of petroleum products. Globally recognized for trading refined oil products such as gasoline, diesel and heating oil, Mabanaft is involved in sourcing, transportation, storage and distribution. Since the group is committed to actively driving the energy transition, Mabanaft is dedicated to offering a diverse range of products, catering to both conventional markets and innovative low-carbon fuel solutions. The inclusion of LPG in its product portfolio is a deliberate effort to enhance the resilience and adaptability of the Mabanaft group within the evolving energy industry landscape.

The acquisition aligns seamlessly with Mabanaft’s long-term growth strategy, as WESTFA’s presence in the downstream LPG business across Germany, France and Benelux complements Mabanaft’s existing business. This strategic move is expected to unlock new opportunities and untapped potential, enhancing Mabanaft’s share in the market for heating solutions. WESTFA is a well-positioned business with strong cashflow and excellent access to more than 55,000 end customers. Together with the WESTFA’s team, the group will focus on continuing to serve its loyal customer base and on expanding the trustful relationships developed over the years.

Founded in 1946 and based in Hagen, Germany, WESTFA Energy GmbH is a liquid gas distribution company with approximately 280 employees. It is active in purchasing, logistics and distribution of LPG for several sectors, including private households, trade and industry, motor vehicles and aerosol for the industry. It has branches in Germany, the Netherlands, Belgium, France and Luxembourg.

Oaklins’ team in Germany acted as the exclusive buy-side M&A advisor to Mabanaft, supporting the deal team in evaluating the business, negotiating the terms of the transaction and organizing the due diligence work with several internal and external workstreams.

Parties
“We are excited to announce the successful completion of the WESTFA Energy acquisition, a strategic move that reinforces Mabanaft’s commitment to growth and innovation in the energy sector. This acquisition not only grows our market presence in Northwest Europe but also opens up new growth and value creation opportunities for Mabanaft. Oaklins has been an invaluable partner throughout the entire process. With their exceptional dedication, the team has been crucial in navigating through the complexities of this deal. We highly appreciate their strategic guidance and heavy operational support. Through their dedicated work, they have enabled us to strengthen our vision for WESTFA and Mabanaft which will help to take our business to the next level.”

Richard Pratt

Head of Strategy, Mabanaft GmbH & Co. KG

Talk to the deal team

Dr. Florian von Alten

Managing Partner
Hamburg, Germany
Oaklins Germany

Christian Moritz

Associate Director
Frankfurt, Germany
Oaklins Germany

Florian Engel

Senior Associate
Hamburg, Germany
Oaklins Germany

Kevin Johannes Kambach

Associate
Hamburg, Germany
Oaklins Germany

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