# TACenergy acquires IPC (USA) wholesale petroleum business

ITOCHU Corporation and its subsidiary IPC (USA), Inc. sold IPC's U.S. wholesale petroleum distribution business to TACenergy, a division of The Arnold Companies. IPC markets over one billion gallons of petroleum products annually across approximately 30 states.

- Type: Acquisition
- Announced: 2019-11-01
- Where: United States
- Status: completed
- Products: diesel, gasoline, other petroleum products

## Companies

- [ITOCHU](https://endata.com/companies/1234.md) (partner)
- [TACenergy](https://endata.com/companies/43054.md) (acquirer)
- [IPC (USA), Inc.](https://endata.com/companies/43055.md) (target)

## Sources

- [matrixcmg.com](https://matrixcmg.com/press-releases/matrix-announces-the-successful-sale-of-ipc-usa-inc/), 2019-11-01: "I am very pleased and have enjoyed working with the Matrix team."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.