Kian-Backed SPATCO Energy Solutions Continues National Expansion with Acquisition of Excell Fueling Systems

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ATLANTA & CHARLOTTE, N.C.--(BUSINESS WIRE)--Sep 10, 2025--

Kian Capital-backed SPATCO Energy Solutions (“SPATCO”), a forward-thinking provider of innovative, turnkey infrastructure services solutions to the petroleum, environmental and EV market segments, has completed the acquisition of Excell Fueling Systems (“Excell”). This marks SPATCO’s fourth acquisition since the closing of the Kian-backed single-asset continuation fund in July 2024, underscoring the company’s strategic growth and commitment to serving customers across an expanding footprint.

Founded in 1993, Excell is a HUB-certified fueling system solutions provider based in Buda, Texas, with a strong presence in Austin, San Antonio and Dallas. Excell provides critical fueling infrastructure installation and maintenance services to a wide range of commercial clients across the state of Texas, including private fleets, municipalities, hospitals, private and public airports and marinas. Excell’s portfolio includes service and maintenance, testing and installation of underground and above-ground storage tanks and fuel systems.

SPATCO’s acquisition of Excell adds commercial capabilities to its product mix, complementing the service, environmental and installation services the platform currently offers in Texas and allowing SPATCO to offer its full suite of offerings in the state.

“SPATCO is known in the marketplace for its commitment to excellence and customer service,” said Excell President Susan Rollins. “I’m confident SPATCO will be a great steward of Excell’s industry reputation as well as our talented team, and I look forward to seeing them uphold the strategy and values that have defined the company over the past three decades.”

In addition to rolling out commercial services within SPATCO’s existing footprint, the acquisition deepens the platform’s position in Texas, a high-growth region with a significant addressable market. The move also advances the platform’s long-term objective to grow both in depth and breadth across the U.S. through a combination of organic and strategic M&A initiatives.

“The acquisition of Excell represents a highly complementary addition to the SPATCO platform, allowing us to serve the Texas market with the same comprehensive offering present in our other regions,” said SPATCO CEO John Force. “SPATCO will continue to invest in service line expansion and organic growth initiatives to scale the platform and provide reliable, quality service to clients across the continental U.S.”

“Excell marks SPATCO’s fourth acquisition since the closing of our continuation vehicle in July of last year, signifying the company’s accelerating momentum and strong growth,” said Kian Vice President Ulrich Erasmus and Partner Jordan Lee. “Kian is fully equipped to support the company as it looks to continue its M&A strategy in new and adjacent verticals, as well as new geographies, to increase the scope and size of the portfolio and further the platform’s mission of being a single-source solutions provider to its customers nationwide.”

SPATCO is actively seeking partnerships with founders in the energy infrastructure and services space. Business owners interested in learning more should contact David Duke, Partner, Business Development at Kian, at [email protected].

Robinson Bradshaw acted as Kian’s legal advisor.

About Excell Fueling Systems

Excell Fueling Systems is a HUB-certified fuel system contractor based out of Buda, Texas. Locally owned and operated, Excell offers installation, removal, testing and service of both underground and above-ground storage tanks and fuel systems. Whether it be in the office or out in the field, Excell strives to employ knowledgeable and experienced staff to better serve our customers’ needs. Many of our employees are TCEQ licensed for underground storage tank installations and removals. Excell also employs certified testers, and our technicians are certified in a wide variety of products. To learn more, visit www.excellfs.com.

About SPATCO Energy Solutions

SPATCO is a forward-thinking supplier, installer and maintenance provider of innovative turnkey solutions for fueling stations and EV-charging infrastructure. Headquartered in Charlotte, NC, SPATCO has 36 additional office locations with service and support across the United States. The company is one of Dover Fueling Solutions’ largest distributors of Wayne products and offers complete environmental compliance, assessment and remediation services. With over 90 years of experience, SPATCO employs a differentiated service-oriented model on behalf of a diverse and longstanding customer base that includes national and regional convenience store operators, major oil companies, commercial fleet and military fueling facilities, national and regional trucking companies, regional oil jobbers and commercial bulk petroleum plants. To learn more, visit www.spatco.com.

About Kian Capital Partners

At Kian, we forge partnerships to ignite growth and build enduring value. Our goal is to provide flexible financial resources and additional operational horsepower to scale lower-middle-market businesses, realize aspirations and deliver long-term investment returns through genuine partnership. Proud to be recognized on Inc.’s Founder-Friendly Investors list for five consecutive years, Kian is a private investment firm with over $1 billion of capital under management and a focus on four core industry sectors: consumer, services, value-added distribution and specialty manufacturing. Our team of seasoned investors has over 100 years of collective experience providing transformational capital solutions and board-level strategic and operational guidance to founder/owner-operated businesses in the lower middle market. To learn more, visit www.kiancapital.com.

Disclaimer

This article does not constitute an offer to sell or the solicitation of an offer to purchase any investments or securities, including any securities of Kian Capital (“Kian”), or any funds or accounts managed or advised by Kian in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation.

Any such offer or solicitation may be made only by means of the delivery of a confidential private offering memorandum (the “Memorandum”), which will contain material information not included herein regarding, among other things, information with respect to risks and potential conflicts of interest, and other offering and governance documents of any given fund or account (collectively with the Memorandum, the “Fund Documents”).

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CONTACT: Contact Information

Business Inquiries

David Duke

Partner, Business Development

[email protected]

T 470.823.3008Media Inquiries

Jan Morris

MiddleM Creative (on behalf of Kian Capital Partners)

[email protected]

T 904.210.3302

KEYWORD: UNITED STATES NORTH AMERICA NORTH CAROLINA GEORGIA TEXAS

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY EV/ELECTRIC VEHICLES FINANCE AUTOMOTIVE OIL/GAS PROFESSIONAL SERVICES BUILDING SYSTEMS ENERGY OTHER CONSTRUCTION & PROPERTY

SOURCE: Kian Capital Partners

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PUB: 09/10/2025 06:00 AM/DISC: 09/10/2025 06:02 AM

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