Spanning three generations and headquartered in Victoria, TX, New Distributing, Inc. has grown to become a well-known destination in its concentrated, stable demographic with rapid population growth expected to continue throughout the next decade. The Company’s newly constructed, large-format convenience retail stores have a stellar track record of serving customers throughout the market in Southeast Texas. Jon New stated: “Today’s transaction allows us to re-direct our resources and capital to our long-term emphasis on our dealer wholesale supply, commercial fuels, and lubricants. Corner Capital  and their team  were instrumental in getting our buyers to the closing table and were particularly knowledgeable in the framework and  structure of the transaction while retaining the branded fuel supply. We were pleased with their entire efforts.”

Mr. Ali and his operating partners, which purchased New Distributing’s retail assets, will continue operating under the Fastop and Cimarron brands and are committed to making additional investments in the locations. Saad Ali and family who are multi-unit operators in Texas  expressed their excitement in continuing to work side-by-side with national fuel brands Conoco and Shell for years to come.

Carl Ray Polk, Jr., along with the team’s of Corner Capital & Corner Realty, managed the transaction including real estate, leases and business valuation, and structured transaction services. Carl Ray stated: “Having known Jon and his son Devin since my days as a retailer and marketer, we were extremely pleased to provide our transaction services as they exited retail operations. With New Distributing, Inc. retaining fuel supply at these locations, we were able to assist Jon and Devin’s expansion plans for his wholesale distribution segment for the foreseeable future.”