Energy - SEPTEMBER 20, 2021

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The JF Petroleum Group to buy assets of RC Development Group

by Released

The JF Petroleum Group, a MidOcean Partners portfolio company and a provider of fueling system solutions in North America, has entered into a definitive agreement to acquire the assets of RC Development Group Inc.

Headquartered in northeast Florida, the RC Development Group is a turnkey construction services company specializing in commercial petroleum applications and environmental services. The acquisition of the RC Development Group will strengthen The JF Petroleum Group’s Southeast Region’s market leadership position in the petroleum equipment industry and enhance its ability to serve customers by adding additional turnkey services to its environmental and commercial construction offerings.

Keith Shadrick, CEO of The JF Petroleum Group, stated, “Given the growing demand for construction services in our Southeast Region, this acquisition will significantly enhance our ability to provide best-in-class turnkey solutions to our customers.”

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