Chief executive of NPD takes 100% ownership

Barry Sheridan, NPD chief executive, says the company will remain a values-led, family-owned business. (Image: Supplied)

Murray Jones

Tue, 21 May 2024

Independent fuel retailer Nelson Petroleum Distribution will receive a $140 million debt package to fund a management buyout of the family-owned business. Global investment firm Carlyle and Australian private credit manager amicaa will provide the debt financing to enable the current Nelson Petroleum Distribution (NPD) chief executive and 10% shareholder Barry Sheridan to lead a management buyout of 100% of the company. NPD was founded in Nelson in 1969 by the Milne family, who Sheridan has worked with for three decades. The comp...

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