Petroleum Marketing Equipment Acquired by Shields Harper

Shields, Harper & Co. announced the acquisition of Petroleum Marketing Equipment (PME) to strengthen its position as a distributor of fueling equipment, infrastructure solutions, and related services. PME will continue to operate under its established name and brand.

The announcement states that PME will maintain its customer relationships, technical expertise, and industry reputation. The deal is positioned as a way to expand SHC’s fueling-equipment distribution footprint through an add-on acquisition.