Buckeye PG L.L.C. said today it bought Farm & Home Oil Co., of Telford for $145.5 million.
Farm & Home, founded in 1936, distributes refined petroleum products such as gasoline in eastern and central Pennsylvania. The acquisition is expected to close in the first quarter of 2008.
Buckeye said it would pay for the deal immediately through a loan and eventually by issuing more partnership units, or shares.