Acquisition of Inver Energy in Ireland and CAN-OP in Canada
31st October 2017
Greenergy confirms that it has completed the acquisition of Inver Energy in Ireland and Canadian Operators Petroleum (CAN-OP) in Canada.
The completion of the Inver Energy transaction gives Greenergy a presence in the growing Irish market for the first time. By combining Greenergy’s global origination skills with Inver’s share of the recently constructed AFSC terminal in Ireland, its branded retail dealer offer and strong local customer relationships, Greenergy aims to accelerate the expansion of Inver’s business in Ireland.
The addition of CAN-OP’s fuel marketing and terminal operations at Thunder Bay continues Greenergy’s expansion in Canada, positioning the company at the centre of a key petroleum supply/trading intersection between Western Canada, the U.S. Midwest and Southern Ontario.
Existing management teams will remain in place at both Inver Energy and CAN-OP.