Company News

Mobil Station Deal Closes

85 independent, 12 dealer locations officially transferred to Alliance Energy
WALTHAM, Mass. -- The transaction for the sale of 85 Mobil-branded stations owned by independent franchisees and 12 owned by dealers by Exxon Mobil Corp. to Alliance Energy LLC closed February 3, reported The Hartford Courant.

None of the brand names will change, said the report. The franchisees will continue to own and run their properties.

ExxonMobil reached an agreement with Alliance Energy last October for the sale of the real-estate.

"ExxonMobil is committed to making this conversion as smooth as possible," Kristen A. Hellmer, a spokesperson for [image-nocss] Irving, Texas-based ExxonMobil, said when the deal was announced. "We don't expect this change to impact our customers, and they will continue to be able to purchase the same high-quality Mobil products."

(Click here for previous CSP Daily News coverage.)

Alliance distributes gasoline and diesel to more than 500 stations from Maine to Pennsylvania, including its own stores under the brands Mobil On the Run, Fast Freddie's and Mr. Mike's. These locations include salary operations, leased locations and contract dealers.

Alliance Energy, based in Waltham, Mass., is owned by the third generation of the Slifka family.

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