Hoosier Penn Oil Company Partners with Cadence Petroleum Group
Cadence Petroleum Group continues its expansion with the acquisition of Hoosier Penn Oil Company. Hoosier Penn is a lubricant distributor headquartered in Indianapolis, Indiana, with additional locations in South Bend, Indiana, Jeffersonville, Indiana, and Kansas City, Missouri.
“The people of Cadence really rose above the rest in what we were looking for in a partner. When you hand off such an important part of your life, you want to make sure it is in good hands. The people at Cadence leave no doubt that the legacy will continue. We could not be happier or more comfortable in partnering with them,” said Brian Johnson, President of Hoosier Penn.
“We are excited to welcome the Hoosier Penn organization to the Cadence team.” said Bob Craycraft, Cadence CEO. “Hoosier Penn has a great reputation for customer service that aligns with our Mission.”
“We are grateful that Brian chose to partner with us and are excited to continue our growth in the Indiana and surrounding market,” said Tyson Pugh, Cadence SVP of Business Development & Strategy. “We remain focused on acquiring leading businesses and providing a great environment for employees, customers, and vendors.”
Hoosier Penn Oil was represented in the transaction by Periculum Capital Company in Carmel, Indiana. For additional information on Periculum, visit www.periculumcapital.com.
About Hoosier Penn Oil Company
Hoosier Penn is a leading lubricants distributor in Indiana and surrounding states. Hoosier Penn was founded in 1976 in Indianapolis, Indiana. For more information, please visit www.hpoil.com.
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.