Year of Investment: 2012
Status: Exited in December 2012 – Sold to the Rubis Group
The Antilles Group Limited (TAG) f/k/a Cool Petroleum, was an integrated downstream petroleum products business, as well as the exclusive licensed distributor of Shell bulk fuels and lubricants in Jamaica. TAG was the island’s largest fuel retailer by volume—as well as one of the country’s largest corporations—and operated more than 50 service stations under the prestigious Shell brand. In addition, it offered fuel, lubricants and raw chemical materials in bulk for commercial fleets and heavy machinery. TAG maintained the only non-governmental commercial bulk chemical storage facility in Jamaica and served as a supply hub for the entire Caribbean market. It was a market leader in the region. In December 2013, the Antilles Group Limited was acquired by the Rubis Group (NYSE Euronext Paris: RUI).