PE Firm Takes Control Of Top Jamaican Fuel Distributor

Law360, New York (January 9, 2012, 6:54 PM EST) -- Blue Equity LLC has purchased a controlling stake in Jamaican fuel distributor Cool Petroleum Holdings Ltd. from Cool Corp. Ltd. in an effort to expand its Caribbean footprint, the Kentucky-based buyout firm said Monday.

The acquisition of Jamaica's exclusive Shell Oil Co. distributor and owner of the only commercial bulk storage facility in the country gives Blue Equity a unique position in the energy market there.

“We look forward to continuing to build on the momentum of now owning the largest set of private petroleum storage...
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