Cadence Petroleum Group Acquires Eli Roberts & Sons
Cadence Petroleum Group continues its expansion with the acquisition of Eli Roberts & Sons, a Tallahassee–based fuel and oil distributor serving the Florida panhandle and surrounding area.
Eli Roberts & Sons was founded in 1958, and the third-generation family business has provided the highest quality products and services available. Services include fuel and oil supply, on-site fleet and generator fueling, cardlocks, and emergency services for a wide range of businesses.
“This partnership allowed us to shield liability as well as create opportunities for our staff to showcase their talents outside the scope of ERS and become part of something bigger. Changing the dynamic of a family business into corporate structure is never easy. Cadence has worked and listened to refine experiences for further growth,” Eli Roberts & Sons’ Josh Roberts said.
The addition of Eli Roberts & Sons strengthens Cadence’s leading position in fuel and oil distribution in the Florida panhandle.
“We’re excited to have the Eli Roberts & Sons team join Cadence and put us in position to now service our customers in Florida,” Cadence Chief Executive Offer Mike Stefanacci said.
An integral component of Cadence’s growth strategy is its approach to acquisitions. The company is committed to seeking firms that support its expansion into new regions, in addition to acquiring entities that strengthen its position in established markets.
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.