Acquisition of Top Oil by Irving Oil

PUBLISHED: 21st August 2018

Photo to illustrate article https://www.lkshields.ie/images/uploads/news/service-station.jpg.

We were delighted to advise the Reihill family on their signing of an agreement to sell Top Oil to Irving Oil, a Canadian company.

Top Oil is a 100% Irish owned family company with a 200 year trading history and is one of Ireland’s leading fuel importers and distributors.  It has a fuel retail network of 180 service stations and fuel terminal in Dublin and sells over 1 billion litres of fuel throughout Ireland every year.  Irving Oil another family owned business operates Canada’s largest refinery, a large fuel distribution business in Canada and Ireland’s only refinery located in County Cork.

The transaction was led by Philip Daly, Partner in our Corporate and Commercial Department and Head of our Energy Unit, with assistance from Lisa McEllin and Ruairi Mulrean of our Corporate and Commercial Department, Clair Cassidy and Elaine O'Connor from our Commercial Property team, Andrew Power of our Banking team, Gillian Dully who advised on the employment and pension aspects of the transaction and Marco Hickey from our Competition Law Unit.

The acquisition is subject to regulatory approval.

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