RALEIGH, N.C. -- Fueling-equipment distributor Jones & Frank has acquired ANS Distributing.
ANS is a national petroleum-equipment provider serving some of the largest fuel marketers in North America. With the combined capabilities of the two companies, Jones & Frank is amassing significant scale and resources in the North American petroleum-equipment industry, according to the acquirer.
“I am excited about the opportunities that this combination makes possible," said Jones & Frank CEO Jim Bolch. "ANS has built a very successful business over the last 35 years by providing outstanding customer service made possible by operational excellence and exceptional product-support expertise. These capabilities will bolster Jones & Frank’s strong sales, service and installation network to provide our customers more comprehensive support for all their fueling-equipment needs.”
John Sauers, president of Duluth, Ga.-based ANS Distributing, said, “I am extremely proud of what ANS has accomplished to date and how we have been able to earn a position as a valued partner to many of the largest fuel marketers in the U.S. I believe that becoming part of Jones & Frank will provide great opportunities for our customers and our employees.”
Sauers will serve as president of ANS operations and executive vice president for Jones & Frank, which is a privately held company majority-owned by MidOcean Partners.
“We are thrilled about continuing to build a truly world-class company within the fueling-equipment industry," said Barrett Gilmer, managing director of New York-based MidOcean Partners. "We believe there are numerous opportunities to continue to grow Jones & Frank across North America both organically and through acquisition.”
Based in Raleigh, N.C., Jones & Frank is a leading value-added distributor and provider of repair, maintenance, installation and project-management services to the fueling infrastructure industry.
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