OHA Holdings Limited ("OHA" or the "Company") has acquired the remaining stake in Irving Oil Company, Limited from Ocean Capital.
Duff & Phelps provided valuation and related advisory services to the board of OHA Holdings Limited in connection with the transaction.
About Irving Oil Company, Limited
Irving Oil Company, Limited was founded in 1924, and is an international refining and marketing company with a history of long-term partnerships and relationships. Irving Oil operates Canada’s largest refinery, in Saint John, New Brunswick, which is located 65 miles north of the U.S. border, and has reached production rates in excess of 320,000 barrels per day. It also operates Ireland’s only refinery, located at Whitegate in southeast Ireland. With a capacity of 75,000 barrels per day, the Irving Oil Whitegate Refinery serves commercial and wholesale customers throughout Ireland and parts of Europe. With over 900 fueling locations, operations from 10 distribution terminals, and a delivery fleet of tractor-trailers, Irving Oil serves wholesale, commercial, and retail customers in Atlantic Canada, Quebec and New England. McDermott Will & Emery served as legal advisor to Irving Oil Company, Limited.
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