August 11, 2017
W.G. Nielsen & Co. advises West Edge in the acquisition of Rockies Refined Products Company
Posted August 11, 2017 - Denver, CO
W.G. Nielsen & Co., a leading investment banking firm headquartered in Denver, represents West Edge and announced today that it acted as financial advisor to West Edge in the acquisition of Colorado Asphalt Services, Inc. (CASI), a Colorado-based refined products manufacturer and distributor. Debt financing was provided by Ares Management, LLC. Financial details of the transaction were not disclosed.
The acquisition, which includes over 100 employees, represents West Edge’s first acquisition in its Refined Petroleum Products segment. CASI has a successful operating history of over thirty years.
“West Edge has evaluated numerous opportunities, and is excited to welcome CASI into the West Edge family. West Edge is pleased to enter the Refined Petroleum Products market in the Rockies with such high-quality assets and employees. We look forward to establishing West Edge’s presence in the Rockies, as we continue the aggressive pursuit of additional opportunities to expand our footprint and presence in strategic basins and markets across North America,” said Jim Burke, West Edge CEO.
About West Edge
West Edge Energy is a Delaware limited liability company operating an integrated energy business with five primary business segments: refined petroleum products, crude oil, natural gas liquids (NGLs), natural gas, and water.
About W.G. Nielsen & Co.
W.G. Nielsen & Co. is one of the Rocky Mountain region’s premier FINRA-registered investment banking firms, specializing in mergers and acquisitions and innovative capital solutions. Founded in 1996, Denver-based W.G. Nielsen & Co. is the oldest independently owned investment banking firm in the region. The firm differentiates itself with a staff of senior investment bankers who have broad experience and important relationships in their areas of expertise. The firm’s bankers have collectively closed hundreds of transactions throughout the United States and internationally.