PetroProperties & Finance LLC (PP&F), and its northeast regional strategic partner, Petroleum Equity Group, LTD (PEGL), are proud to announce their participation in Garden City, NY- based, Bolla Oil Corporation’s successful acquisition of 36 Mobil-branded retail petroleum facilities located in Brooklyn and Staten Island.
The store package is comprised of both fee simple and leasehold properties. This transaction culminates more than two-year endeavor by Bolla and their financial advisory team to bid on and secure these choice retail assets from Exxon Mobil Corp.
“We are very pleased to see this process reach a successful conclusion and for the opportunity to extend our many years of petro experience to assist Bolla Oil,” said Mike Baskin, CEO of PetroProperties & Finance.
“It was exciting to be an integral part of the analytics and financial advisory team from the beginning, and to have aided Bolla Oil in fulfilling its growth objectives though this acquisition,” said Ken Shriber, vice president of of PP&F and owner of PEGL.
PP&F and PEGL exclusively serve the wholesale and retail petroleum industry, providing strategic business services including growth and acquisition financing, mergers and acquisition representation, and retail network divestiture assistance.