Mohawk Oil Sells Stations, Exits Business
Gill Energy deal includes assignment of Sunoco distributor agreement
MATAWAN, N.J. – With the owner exiting the fuels business, Gill Energy has purchased Chester, N.J.-based Mohawk Oil Co. Inc.
As reported in a 21st Century Smoke/CSP Daily News Flash, the sale includes a collection of five fee and leased retail gas-station assets with convenience stores, service bays and snack shops, wholesale supply-only accounts and assignment of the branded Sunoco distributor agreement.
“We are very excited to add the assets of Mohawk Oil to our growing company, and we expect a seamless transition as the businesses of Mohawk were exceptionally well-managed for three generations,” said Bikram Gill, CEO of Gill Energy.
The companies did not disclose the terms of the sale.
Mohawk Oil has been owned and managed for the past 20 years by the grandson of the founder. It was the first Sun Oil (the predecessor company to Sunoco) distributor in the state of New Jersey, and remained one of their only New Jersey-based distributors for its entire history.
Ken Shriber of Petroleum Equity Group Ltd., Chappaqua, N.Y., served as exclusive advisor to Mohawk Oil.
Matawan, N.J.-based Gill Energy is a fuel retailer and wholesale jobber that distributes approximately 250 million gallons a year across its network of company-operated retail locations, dealer sites and wholesale accounts in New Jersey, New York, and Pennsylvania. Its portfolio of brands includes BP, Sunoco, Exxon, Mobil and 76.