RelaDyne Acquires U.S. Refueling of Philadelphia, PA
RelaDyne, one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, announced its acquisition of U.S. Refueling, a mid-Atlantic supplier of diesel fuels, propane, and diesel exhaust fluid (DEF).
Located in Philadelphia, Pennsylvania, U.S. Refueling is a single-source supplier of diesel fuel and commercial propane refueling services ranging from generator fueling, emergency fueling, and other commercial fueling services. As part of RelaDyne, U.S. Refueling will expand RelaDyne’s existing Reliability Services – RediFuel services, which emphasize value-added specialty fuel distribution, and will increase RelaDyne’s geographic coverage area to include Philadelphia, its suburbs, and the surrounding mid-Atlantic region.
“We elected to join forces with RelaDyne because they share our commitment to continue building our business and earning the business of our customers every day,” states Barry Gosin, owner of U.S. Refueling. “RelaDyne can provide us with the resources to continue our rapid growth.” Barry will continue to manage the U.S. Refueling division as it joins the RelaDyne family of companies, focusing primarily on business development and coordination of commercial fueling growth with the newly acquired Automotive Service, Inc. located in the Pennsylvania market as well.
For RelaDyne, the acquisition of U.S. Refueling creates opportunities for commercial fuel expansion within RelaDyne’s current Northeast business and development of its lubricant sales within the existing U.S. Refueling customer base. “U.S. Refueling is a perfect fit to our Reliability Services division of fueling services known as RediFuel,” states Larry Stoddard, RelaDyne President and CEO. “We look forward to working together to provide enhanced logistics as well as additional products and services for all our customers and professional growth opportunities for our employees.”
Jeff Hart, Executive Vice President of Business Development for RelaDyne, commented on the acquisition, “As the fourth acquisition of 2016, U.S. Refueling allows us to efficiently expand our fueling services business into the East Coast and provide additional services to our existing RelaDyne customers in those areas as well as provide lubricants to U.S. Refueling customers in the near future.”
U.S. Refueling customers can continue to expect the same level of exceptional customer service from U.S. Refueling, along with additional products and services available soon from the RelaDyne acquisition.
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 more than 30 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.