REAG Completes Sale of JSM Fuels

REAG completed the sale of JSM Fuels to Heartland Industries, LLC.  Financial terms of the transaction were not disclosed.  REAG served as the exclusive sell-side advisor to JSM Fuels.

JSM Fuels is a commercial, industrial, and residential fuel and lubricant transportation company located in Salem, Ohio doing business as Southwest Fuels.  The company distributes fuels, lubricants, and heating oils to customers in Ohio and Pennsylvania.  

Jaclyn Ring of REAG, the lead sell-side advisor to JSM Fuels, believes Heartland will do well as the new owners of JSM Fuels.  “JSM is an excellent company with strong leadership and a great culture of teamwork.  I’m confident Heartland will be thrilled with this acquisition.”

REAG is a lower-middle market investment bank specializing in mergers & acquisitions, business valuations, strategic ownership planning, and private capital markets.  

For more information on how REAG can assist you in valuing, selling, or acquiring a lower-middle market company, please contact Scott Mashuda at (440) 915-3082, or by e-mail at