Carnegie Fuels

Highland Fuels, Scotland's largest independent fuel distributor, has successfully acquired Carnegie Fuels, a long-established family-run fuel supplier based in Brechin, Scotland. The transaction, advised by KBS Corporate, sees Carnegie Fuels continue its operations under its existing name and management structure, with a focus on shared values and continuity of service.

Summary of transaction details:

• Value: Not disclosed
• Sector: Industrials & Energy
• Advisor: KBS Corporate
• Key Entities: Target: Carnegie Fuels; Acquirer: Highland Fuels
• Location: Brechin, Scotland (Target); Inverness, Scotland (Acquirer)

Note: This acquisition strengthens Highland Fuels' footprint in the Scottish market, integrating Carnegie Fuels' nearly 70 years of service and loyal customer base. The deal emphasizes cultural alignment and secures the long-term future for Carnegie Fuels' employees and customers under the expanded group's employee ownership structure.