Oil & gas · LPG bottling & distribution
LPG Storage, Bottling & Distribution Business
Top-five regional LPG marketer with a 1,000 t coastal terminal and 320 outlets seeking a 49% strategic partner.
Port Harcourt, Rivers, Nigeria20 years in operation240 employees
75
Readiness /100Due Diligence CompletedAsset-heavyProfitableFamily-ownedGrowth business
Asking price
₦3.8bn – ₦4.2bn
Revenue
₦17.5bn – ₦19.5bn
EBITDA
₦1.8bn – ₦2bn
Cash flow
₦1.3bn
Employees
240
Transaction
Partial acquisition · 49%
Company identity is protected until you pass the NDA stage. Express interest to begin the process.
Business overview
An 18-year-old LPG marketer with a 1,000-tonne coastal storage terminal at Onne, two bottling plants and 320 branded retail outlets across five states. Volumes have grown 20% a year on rising LPG adoption. The founding family is seeking a 49% strategic partner to fund a terminal expansion to 3,000 tonnes and a cylinder-exchange rollout, while retaining control.
Business model
Margin on bulk LPG supply and bottling; retail outlet sales; franchise fees; cylinder exchange deposits.
Investment thesis
Nigeria's LPG consumption is under 5 kg per capita against a 20 kg regional benchmark; owned import-capable storage is the bottleneck asset.
Highlights
- Owned 1,000 t coastal storage terminal
- 320 retail outlets across five states
- Volume growth 20% a year; 3 years without a lost-time incident
- Licences current to 2027
- Investment Readiness Score 75
Risks
- Pricing exposed to FX and international LPG benchmarks
- Term loan of ₦3.4bn secured on plant
- Franchisee dispute in arbitration
- Regulatory pricing intervention risk
Figures are seller-reported and subject to Acqiva verification. The readiness score is indicative and not a substitute for independent due diligence or a formal valuation.