RelaDyne Acquires Hager Oil Company of Alabama
RelaDyne announced the acquisition of Hager Oil Company, located in Jasper, Alabama. This acquisition will solidify RelaDyne’s footprint in Alabama, creating a regional density that will largely expand its robust offering of products and services in the area.
Hager Oil Company has been serving Northern Alabama from Jasper, Alabama, since 1954. The company has prided itself on offering a wide portfolio of products including lubricants, greases, hydraulics, antifreeze, fuels, alternative fuels, and chemicals.
As one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, RelaDyne is equipped to maintain and expand the current customer base of Hager Oil Company while upholding the local culture and the industry expertise that Hager is historically known to provide.
|Larry Stoddard, CEO RelaDyne|
“The Hager Oil Company acquisition is a great addition to our recent geographical expansion to Alabama,” says RelaDyne CEO, Larry Stoddard. “RelaDyne is proud to continue to bring our suite of products and services to more and more customers in the Southern region. We welcome the addition of all of the Hager Oil Company associates to RelaDyne. The result of this acquisition will diversify and expand our product and service offerings to the Hager Oil customer base.
“We align ourselves with the values and quality of service that RelaDyne provides and we are looking forward to adding our great operation to the RelaDyne footprint,” states James Eidson, President of Hager Oil Company. “The entire Hager Oil team is excited for the opportunity to join RelaDyne, and we look forward to continuing to serve our great customers.”
RelaDyne continues to be the “Acquirer of Choice” in the lubricants, fuel and reliability segments. “We continue to focus on acquiring great companies with great people. Distributors with great people are the best businesses in our industry, and that is why we are so excited to welcome Hager Oil Company to the RelaDyne family,” says RelaDyne CSO, Jeff Hart, who leads RelaDyne’s M&A activities. “We started RelaDyne in 2010 with 10 locations in 5 states and have grown to over 50 locations in 18 states. We focus on adding new geography, new capabilities, and more density within our current footprint as we continue to create a national distribution platform.”
RelaDyne, headquartered in Cincinnati, Ohio, is one of the nation’s leading providers of lubricants, fuels, diesel exhaust fluid (DEF), and reliability services for industrial, commercial, and automotive businesses in the United States. RelaDyne was formed in 2010 by the combination of four well-established industry-leading companies and has since grown to more than 50 locations by strategically acquiring other industry leaders in the lubricant, fuel distribution and industrial service segments. For more information, visit www.RelaDyne.com.