RelaDyne Acquires San Antonio based RediFuel
RelaDyne, one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services announced today that it has acquired Sunwell Corporation dba RediFuel. RediFuel, founded in 1991, is a San Antonio-based fueling services company providing fuel products and services to reliability-centric customers.
RediFuel is a natural addition to RelaDyne’s reliability focused business model. RediFuel supplies the fuel to most of the data centers, hospitals, medical facilities, office buildings, and telecommunications infrastructure in San Antonio and Austin, Texas. RediFuel has built their business on strong customer relationships tied to excellent and reliable service.
John Sheesley and the entire sales and operations team of RediFuel will be staying with the company to ensure continuity for customers and employees. RediFuel will operate as a new location in RelaDyne’s gulf coast region. According to John, “RelaDyne is a great partner for the RediFuel business, as it gives our employees more opportunity to grow professionally and our customers a more robust offering while ensuring there is the consistent level of service they have come to expect from us. We are truly excited to be a part of the RelaDyne family and look forward to scaling the business in San Antonio, Austin and throughout the RelaDyne footprint.”
“RediFuel customers and associates are a great fit for RelaDyne. We look forward to growing together from the many opportunities this acquisition provides,” says Larry Stoddard, Chief Executive Officer for RelaDyne.
Jeff Hart, Executive Vice President of Business Development for RelaDyne, commented on the acquisition, “The acquisition of RediFuel is yet another example of how the RelaDyne platform can provide owners, employees and customers with more opportunity. RelaDyne continues to be the acquirer of choice for many companies in the fuel, lubricant and services business. RelaDyne brings capital, technology, resources, scale, and enhanced customer offerings that promote growth in the companies we acquire. This deal represents our third acquisition in 2015, and we anticipate closing significantly more acquisitions this year as we create a national platform in the industry.”
RelaDyne, headquartered in Cincinnati, Ohio, is an industry leading lubricant, fuel, and DEF distributor providing customers with integrated reliability management services for industrial and commercial businesses in the United States. RelaDyne was formed in 2010 by the combination of four industry leaders – Mid-Town Petroleum, Inc. (Bridgeview, IL), Oil Distributing Company (Cincinnati, OH), The Hurt Company, Inc. (Houston, TX) and Pumpelly Oil Company (Sulphur, LA). RelaDyne’s distribution platform spans 26 locations serving states in the Central US. In May 2014, RelaDyne’s industrial services business expanded with the acquisition of Turbo Filtration Corporation (TFC), enhancing their offering to key industrial customers throughout the US. The company also benefits from the support of its business-building financial partner, AEA Investors LP, which manages funds worth approximately $6 billion of invested and committed capital. For more information, visit www.RelaDyne.com.