H.I.G. Capital, a firm managing $70 billion in capital, has acquired 4Refuel, a leader in Mobile On-Site Refueling services, from Finning International for up to C$400 million.
Founded in 1995 near Toronto, 4Refuel serves over 3,000 customers across Canada and Texas, offering mobile fueling, diesel exhaust fluid, and tank monitoring. The company delivers around one billion liters of fuel annually. Its focus on service, safety, and technology ensures strong customer retention.
Advisors: Blake, Cassels & Graydon and McDermott Will & Emery served as legal counsel to H.I.G. Capital.
KEY QUOTES:
“4Refuel is a scaled, differentiated, technology-enabled platform operating in a mission-critical segment of the energy value chain. We are excited to partner with Larry and the 4Refuel team to accelerate growth through organic initiatives and strategic acquisitions, while continuing to deliver outstanding service and value to its customers.”
Matt Kever, Managing Director at H.I.G.
“H.I.G. brings deep sector expertise and a proven playbook for value creation. We’re excited to continue our mission of delivering best-in-class refueling services, while pursuing new opportunities to serve our customers across Canada and the U.S. We are grateful to our incredible team, who have built 4Refuel into the trusted brand it is today.”
Larry Rodo, CEO of 4Refuel
