Cadence Petroleum Group continues its expansion with the acquisition of Stockman Oil Company. Stockman is a 3rd generation fuel and oil distributor headquartered in Greenwood, SC.
“We are excited to become part of Cadence Petroleum Group,” said Chip Stockman, President of Stockman. “I am grateful for the loyalty and trust that our staff and our customers have shown to me and my family over the years. It was very important to find the right partner, and I’m confident that Cadence provides the best opportunities and resources for our team and our customers.”
“We are thrilled to welcome Chip and his team to the Cadence organization. We believe they fit well with our culture and that together we will be able to provide enhanced value to our customers throughout the region.” said Brad Johnson, Cadence CEO.
“Chip has a great reputation in the industry, and the addition of his group further strengthens our market position and capabilities in Georgia and South Carolina,” said Tyson Pugh, Cadence SVP of Business Development & Strategy. “We remain focused on acquiring leading companies and are looking forward to an active year.”
About Stockman Oil Company Stockman Oil was founded as a service station in 1932 by Abner P. Stockman in Greenwood, SC. His son, Pierce Stockman, led expansion into gas stations and convenience stores, and Pierce’s son, Chip Stockman shifted the company to focus on fuel and oil distribution. The company offers a full line of petroleum products to serve customers in Georgia and South Carolina.
About Cadence Petroleum Group Cadence Petroleum is one of the largest distributors of lubricants, fuel, antifreeze, diesel exhaust fluid, and other ancillary products for the eastern and central United States. For additional information, please visit www.cadencepetroleum.com.