Citizens M&A Advisory served as the exclusive financial advisor to Greif, Inc., on its sale of Delta Petroleum Company, Inc., to PSC Group, a portfolio company of New York-based middle-market private investment firm, TJC L.P.

Founded in 1946 and headquartered in Houston, Texas, Delta is a leading provider of outsourced specialty chemical filling, warehousing and logistics services in support of large chemical manufacturers’ finished product logistics. Delta is a trusted partner to its long-tenured global chemical customers, providing critical value-added warehouse services from locations in Texas, Louisiana and Ohio. Delta was acquired by Greif in 2006.

Headquartered in Delaware, Ohio, Greif is a global leader in industrial packaging products, services, and packaging accessories for a wide range of industries, strategically positioned in over 35 countries to serve global and regional customers.

PSC is a leading embedded logistics service provider offering rail, truck and marine logistics; railcar repair; and sustainability solutions to the petrochemical, specialty chemical, refining and marine industries across North America.