F.N.B. Capital Partners partnered with Daboosh Investments to acquire Ullman Oil Company. Daboosh led the transaction, and F.N.B. Capital Partners provided mezzanine debt to facilitate the buyout. The Ullman family members re-invested in the business and will continue to be actively involved in the ongoing operations with their new partners.

“We are very excited to partner with Daboosh and the Ullmans on this great opportunity. The investment represents our second Cleveland-area portfolio company and we would like to continue investing in this great market. We feel Daboosh is an excellent fit for Ullman Logo continuing the family tradition at Ullman, and we are very confident in the continued growth of the business. In addition, one of the partners at FNBCP, Matthew Harnett, is a Northeast Ohio native and led the transaction.”

“It was great working with Jennifer Berlin of Daboosh and her husband Scott Berlin at Brown Gibbons Lang & Company. They were excellent communicators during the closing process and we look forward to continuing this partnership in the future. Jennifer Berlin left a successful legal career to pursue another life as an entrepreneur with this purchase of Ullman. Jennifer was interviewed by the Crain’s Cleveland Business newspaper and the link to the full article can be found by clicking here. Also, the Pittsburgh Business Times completed an article regarding the acquisition which can be found by clicking here.”

Ullman, a family owned business for nearly 50 years, provides fueling services to customers throughout Northeast and East Ohio. Daboosh is led by Jennifer Berlin.