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MERGERS AND ACQUISITIONS

SC Fuels has agreed to swap its Texas based operations with Pilot Energy Services (formerly known as Maxum Petroleum Inc.) in exchange for Pilot Energy’s California land based business and southwest operations.

December 19, 2012 –  The two companies have signed a definitive agreement that will see SC Fuels take on the California businesses formerly known as General Petroleum and CL Bryant, as well as the Canyon State Oil business in Arizona, Nevada, New Mexico, Texas and Colorado. In exchange, Pilot Energy will receive the business formally known as United Fuel & Energy (“UFE”) that is primarily located in Texas. The transaction does not affect either the traditional wholesale operations of SC Fuels in the same geographies or the marine business of Pilot Energy. The transaction is scheduled to close on January 31, 2013. Click for More

Ridgemont Equity Partners Acquires J.A.M. Distributing Company

December 19, 2012 – Ridgemont Equity Partners, a middle market buyout and growth equity investor, announced the closing of a majority equity investment in J.A.M. Distributing Company, a leading distributor of lubricants, fuel, base stock and ancillary products. The financial terms of the transaction were not disclosed. J.A.M. is headquartered at its main terminal in Houston, Texas, with additional terminal operations in Dallas, Beaumont, Lufkin, Clute and Galveston. For over forty years, the Company has been a leading lubricant distributor of ExxonMobil products and today serves the industrial, commercial vehicle, passenger vehicle and marine end markets.  Click for more

PetroChoice Acquires US Lubes LLC

December 17, 2012 – PetroChoice announces the acquisition of the New Jersey Division of US Lubes, adding depth to its Mid-Atlantic distribution efforts. US Lubes and its predecessors, located in Blue Bell, PA, have been committed to distributing lubricants to the Automotive, Commercial and Industrial segments for over 80 years. Key brands include CAM2, Gulf, Petro-Canada, and Old World Industries products. Click for More

PetroChoice Announces the Acquisition of Craft Oil Corporation 

December 3, 2012 – In recent years, PetroChoice has been expanding its distribution efforts throughout the Mid-Atlantic Region. Adding depth to its distribution, PetroChoice has acquired Craft Oil Corporation.  “We have great respect for Craft Oil,” said Shane O’Kelly, CEO of PetroChoice. “We have much in common and each company brings unique talents and expertise to the combined organization. Together we will have unsurpassed capabilities and infrastructure to fulfill the specialized needs of lubricant customers throughout the Mid-Atlantic Region.” Click for More

The Deal is Done! WCP and Metalmark Complete Recapitalization of Maxum Petroleum with Pilot Flying J 

September 5, 2012 – Pilot Flying J, Waud Capital Partners, Metalmark Capital and Maxum Petroleum announced that Pilot Flying J completed its previously announced acquisition of a controlling interest in Maxum for cash and Pilot Flying J’s contribution of Western Petroleum into Maxum. Current investors, including WCP, Metalmark and Maxum management, received cash proceeds in the transaction and made a meaningful re-investment in the new venture. Click for more

Twinco Merges with DYK Automotive

August 31, 2012 – Minneapolis-based private equity firm ShoreView Industries agreed to merge portfolio company Twinco Romax LLC, a manufacturer of automotive aftermarket parts and chemicals, with DYK Automotive LLC. Twinco Romax LLC and DYK Automotive, LLC, the parent company of AP Auto and Keltner Enterprises, have announced a definitive merger agreement. The merger, which combines two of the strongest organizations in the industry, creates a new national automotive aftermarket distribution and manufacturing company with a commitment to maintain its strong regional presence. Click for more

Total Energy, LLC Acquires Ocean State Oil

August 3, 2012 – Total Energy, LLC (Part of the Santoro family of Companies) acquired the assets of Ocean State Oil, a leading lubricant marketer in Southern New England on August 1st 2012. This is a particularly significant and interesting acquisition, in part, due to the size and geographic reach of the aggregate companies. Established in 1973, Ocean State Oil is one of the leading marketers of lubricants in the Southern New England region. Click for more

Pilot Flying J to Acquire Maxum Petroleum

July 20, 2012 – Pilot Flying J, Metalmark Capital and Maxum Petroleum announced that Pilot Flying J will acquire a controlling interest in Maxum for cash and Pilot Flying J’s contribution of Western Petroleum into Maxum. Current investors, including Maxum management, Metalmark and Waud, will re-invest in the new venture. Maxum is one of the largest independent energy logistics companies in North America, selling and distributing over 1.3 billion gallons of refined petroleum products and serving over 15,000 customers. Click for more

Calumet Signs Agreement to Acquire Royal Purple

June 11, 2012 – Calumet Specialty Products Partners, L.P. (“Calumet”) announced that it has signed a definitive agreement to acquire Royal Purple, Inc. for total consideration of approximately $335 million, The Royal Purple Acquisition is expected to close by the middle of July 2012, subject to customary closing conditions and regulatory approval. Royal Purple is a manufacturer of high performance lubricants primarily for automotive, industrial, marine, motorcycle and racing applications. Click for more

PetroChoice Completes the Acquisition of Suburban Oil Company

June 4, 2012 – PetroChoice announced it has acquired Suburban Oil Company located in Mason, Ohio. PetroChoice is focused on acquiring best-in-class lubricant distributors to expand both its product and service offering to customers and its geographic footprint. “Suburban is a great fit with PetroChoice and we are impressed by Suburban’s highly trained team. Like us, they pride themselves on delivering comprehensive lubrication solutions to their customers,” said Shane O’Kelly, CEO of PetroChoice. “This acquisition creates a significant opportunity for us to expand our distribution presence into Ohio, Indiana, and Kentucky.” Click for more

Energy Transfer Partners to Acquire Sunoco in $5.3 Billion Transaction 

April 30, 2012 – Energy Transfer Partners, L.P. and Sunoco, Inc. announced they have entered into a definitive merger agreement whereby ETP will acquire Sunoco in a unit and cash transaction valued at $50.13 per share, or a total consideration of approximately $5.3 billion, based on ETP’s closing price on April 27, 2012. This combination will create one of the largest and most diversified energy partnerships in the country by expanding ETP’s geographic footprint and strengthening its presence in the transportation, terminalling and logistics of crude oil, NGLs and refined products.

PetroChoice Completes the Acquisition of Lorenz Lubricant Company

April 30, 2012 – PetroChoice announced it has acquired the assets of Lorenz Lubricant Company, Inc. “Lorenz brings a group of very talented people with deep expertise to PetroChoice,” said Steve King, President of PetroChoice- Midwest Division. “We believe the partnership between PetroChoice and Lorenz, along with our recent acquisition of Rapids Hydraulics, will be very complementary given both companies’ focus on providing unmatched service and reliability and we are excited about the growth opportunities for the combined businesses. We are also looking forward to increasing our presence in the expanded geographic footprint that Lorenz will provide.” Click for more

NOCO Energy Corporation Expands Operations into Pennsylvania and West Virginia

March 13, 2012 – NOCO Distribution, LLC, a wholly owned business unit of NOCO Inc., announced today that it has acquired three lubricant distribution warehouses, located in Youngwood, Erie, and Ridgeway, Pennsylvania from Windward Petroleum, Inc.  Customers in Western Pennsylvania and northern West Virginia are served from the facilities.  All former Windward employees have joined the NOCO Distribution team. This acquisition is strategically important to NOCO as our lubricant distribution footprint now extends from Ottawa, Ontario in the North, Pittsburgh in the South, Buffalo in the West, and Vermont in the East. Click for more

Sun Coast Resources Inc. Acquires The Branded Fuel and Lubricant Distribution Business of Ada Resources, Inc.

March 13, 2012 – Sun Coast Resources, Inc. announced the completion of an acquisition in Houston, Texas to further expand its branded and unbranded fuel and lubricant distribution business. ADA supplies and delivers branded ConocoPhillips and CITGO fuels to independently owned convenience stores in Harris County. In addition ADA supplies ConocoPhillips; BP, 76 and Castrol branded lubricants to municipalities and commercial end users, and operates a fleet of fuel and lubricant transportation trucks from Old Ocean and Houston, Texas. ADA employs nearly 50 experienced and dedicated fuel and lubricant personnel who have joined Sun Coast to continue to operate the acquired assets and business from both the Old Ocean and Sun Coast facilities in Houston. Click for more

Keller-Heartt Oil Acquires Long Time Competitor Lou-Bob Corp.

Feb 29, 2012 – Keller-Heartt Oil, a full-service Shell Oil alliance lubricants distributor serving the automotive, industrial and trucking industries announced the acquisition of Lou-Bob Corporation, a Chicago-based oil company founded in 1924. Click for more

Pilot Flying J to Acquire Western Petroleum

Feb 29, 2012 – Pilot Flying J announced that Western Petroleum LLC (formally Western Petroleum, Inc.) has agreed to be acquired by Pilot Flying J. For the few who may not be familiar with Pilot Flying J, the company is headquartered in Knoxville, Tennessee, and is one of the nation’s largest wholesale fuel providers; delivering over 500 million gallons of fuel to thousands of customers in 47 states and eight Canadian provinces. They operate over 550 retail locations across North America and the company is the largest operator of travel centers and travel plazas in North America. Click for more

Craft Oil Acquires Neslo Petroleum

Feb 21, 2012 – Craft Oil Corp., a privately held oil lubricant and equipment distributor based in Avoca, PA, announced the acquisition of Neslo Petroleum Products, Inc. in Fords, NJ. The acquisition will mean the relocation of the current Craft Oil operation in New Jersey to the current Neslo facilities in Fords, NJ. Click for more

Greenbriar Acquires PetroChoice

Jan 17, 2012 – Greenbriar Equity Group LLC today announced the acquisition of PetroChoice. PetroChoice is a leading, value-added distributor of petroleum lubricant solutions. Greenbriar acquired the Company from KRG Capital Partners.  Terms of the transaction were not disclosed.  Click for more

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