Reliance Fluid Technologies One of the first ILMA Members to Officially Upgrade to SN Plus
Reliance Fluid Technologies, LLC, an independent lubricant manufacturer based out of Niagara Falls, NY has become one of the first ILMA members to officially upgrade their complete passenger car motor oils (PCMO) line to meet the new upcoming SN Plus specification. This new technology addresses modern engine problems associated with the LSPI (Low Speed Pre-Ignition) which is being identified with GDI (gasoline direct injection) and turbochargered engines.
John Garguiolo, President of Reliance, tells JobbersWolrd, “We made a team decision while going through the dexos1™ Gen 2 approval process and working with their major customers and vendors. We’ve worked with Afton Chemical, our PCMO additive supplier, to upgrade our product line in the last quarter of 2017 and we were fully compliant to the SN Plus specification by the first of December. As an independent manufacturer, who is going through record growth, we strive to be a leader with the newest technology available in the market and are very conscious to manufacture only licensed API and OEM approved engine oils. As a supporter of PQIA we’ve seen an influx of questionable lubricants migrate into the market so we are working with our customers to educate them about the importance of selling only quality lubricants. Our tag line says it all ” Our Formulas are Your Success”.
About Reliance Fluid Technologies, LLC Reliance Fluid Technologies, LLC is, a private label manufacturer of lubricants and chemicals, based in Niagara Falls, New York offering a full line of PCMO, Heavy Duty Engine Oils, Industrial lubricants, metalworking and chemicals. For more information visit www.rftllc.com
JobbersWorld Announces Lubricant Pricing Reports
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CrossAmerica Partners LP: Board of Directors Announces New leadership Within its Executive Team
CrossAmerica Partners LP, a leading wholesale fuels distributor, announced today a planned leadership change within the executive team of the Partnership. Gerardo Valencia will be joining CrossAmerica as president, effective March 1, 2018, and will be joining the Board at that time. Valencia will work from the Allentown, Pennsylvania headquarters and, following a transition period, will also be appointed chief executive officer.
In order to ensure a smooth leadership transition, Jeremy Bergeron will resign as president of CrossAmerica effectively March 1, 2018 and continue in his role as chief executive officer until the time of the transition. In the 2nd or 3rd Quarter of calendar 2018, Bergeron will be assuming a new leadership role within Alimentation Couche-Tard and Valencia will assume the additional role of chief executive officer for the Partnership.
“The Board of Directors of CrossAmerica is thrilled to have Gerardo join the team and are confident that he will lead the Partnership to an exciting future,” said Alex Miller, Chairman of the Board of Directors and Senior Vice President of Operations & Global Fuels at Couche-Tard. “Gerardo’s over 20 years of experience in the downstream oil industry, convenience and fuel retailing in North America and Europe will help propel CrossAmerica to its next chapter.”
Prior to joining CrossAmerica, Valencia was responsible for retail operations, asset management, business development, national wholesale fuel sales and strategy for different markets around the globe for BP p.l.c. He was president at ampm, the convenience store subsidiary of BP p.l.c., head of sales and marketing for the U.S. West Coast and, in his last role within BP p.l.c., was responsible for retail strategy and implementation of programs across North America. He holds an MBA from the Kellogg School of Management and a Bachelor of Science Degree in Industrial and Mechanical Engineering from the Monterrey Institute of Technology in Mexico.
“Gerardo is a proven leader and brings with him extensive experience across both the wholesale and retail businesses,” stated Bergeron. “He is an excellent addition to this terrific CrossAmerica team, and I look forward to working with him to grow the business and build more value for our unitholders.”
“I believe that combining my deep background in the fuel and retail industry with this talented and seasoned team will help CrossAmerica reach a new level of growth and development,” said Valencia. “I am honored to have the opportunity to be part of this organization, and I look forward to working with Jeremy and the entire CrossAmerica organization.”
“On behalf of the Board, we want to thank Jeremy for his leadership at CrossAmerica,” said Miller, “He has guided us through a very challenging MLP market period, continues to transition the organization through its initial integration with Couche-Tard, and provide a strong vision for the Partnership.”
About CrossAmerica Partners LP CrossAmerica Partners is a leading wholesale distributor of motor fuels and owner and lessor of real estate used in the retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC, is a wholly owned subsidiary of Alimentation Couche-Tard Inc. Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,200 locations and owns or leases approximately 900 sites. With a geographic footprint covering 31 states, the Partnership has well-established relationships with several major oil brands, including ExxonMobil, BP, Shell, Chevron, Sunoco, Valero, Gulf, Citgo, Marathon and Phillips 66. CrossAmerica Partners ranks as one of ExxonMobil’s largest distributors by fuel volume in the United States and in the top 10 for additional brands.Source: GlobeNewswire
Mavis Discount Tire and Express Oil Change & Tire Engineers to Merge
Mavis Discount Tire (“Mavis”) announced that it has signed a definitive agreement to merge with Express Oil Change & Tire Engineers (“Express”), a Golden Gate Capital portfolio company, creating one of the largest independent automotive service platforms in the U.S. Upon closing, the combined company will be led by Mavis’ current Co-Chief Executive Officers, David and Stephen Sorbaro, and Express’ Chief Executive Officer, Ricky Brooks, will be named Executive Chairman. ONCAP is selling its stake in Mavis to Golden Gate Capital, which, along with the Sorbaros, will be significant shareholders in the combined company. Financial terms of the transaction, which is expected to close in the first half of 2018, were not disclosed.
The merger of Mavis and Express unites two of the leading operators in the automotive service sector with a history of strong organic sales and service center growth. The combined company will operate more than 830 locations in 24 states across the East Coast, South and Midwest. Golden Gate Capital expects to continue to invest behind this scale platform to accelerate new unit development and to acquire additional automotive service providers in the combined company’s core and contiguous markets.”
We are thrilled to partner with Express and Golden Gate Capital to create a leading company in the auto service industry in terms of service center footprint, financial strength and service quality. We have long admired Ricky and the entire Express team, who share the same values of integrity, trust and outstanding customer service,” said David Sorbaro, Co-Chief Executive Officer of Mavis Discount Tire. “Express is the ideal partner as we continue to expand our footprint nationally. We’re grateful for ONCAP’s support throughout its ownership, and Stephen and I look forward to continuing to provide customers at Mavis and Express with the very best auto care in the industry.”
“This exciting transaction unites two customer-driven companies with a deep-rooted service ethic. Mavis has long been a leader in providing cost-effective and quality tires and service, and we are delighted for the opportunity to partner with them and benefit from each other’s expertise,” said Ricky Brooks, Chief Executive Officer of Express Oil Change & Tire Engineers. “I am confident that together, Mavis and Express will create an entirely new standard of auto care in the U.S.”
Josh Cohen, a Managing Director at Golden Gate Capital, said, “For years we have observed both Mavis’ and Express’ tireless dedication to their customers and operational excellence and we’re elated to have the opportunity to partner with the Sorbaros and Ricky. Uniting these strong, recognized brands will combine best practices and result in an acceleration of their current industry-leading growth.”
Evan Hershberg, a Managing Director at ONCAP, said, “During our ownership David and Stephen did a fantastic job expanding on their world-class platform. We’re proud of what we accomplished together and we wish Mavis, Express and Golden Gate Capital continued success.”
Jefferies is serving as the exclusive financial advisor to Mavis and is leading the financing group which includes Antares Capital, KKR Capital Markets, Angel Island Capital and Cowen. Ropes & Gray LLP and Nob Hill Law Group P.C. served as legal advisors to Golden Gate Capital and Express, and Covington & Burling LLP served as legal advisor to Mavis, the Sorbaro family and ONCAP.Source: Business Wire
With Our Sympathy
It is with immense sadness that we report the passing of Harvey Golubock. Harvey was an industry leader, friend to many and will be missed. Click for details