Offen Petroleum Acquires Ozark Mountain Energy

Deal combines fuel distribution businesses
gast truck
Photograph: Shutterstock

COMMERCE CITY, Colo. Offen Petroleum, an independent fuel distributor, has closed on the acquisition of the business assets of Ozark Mountain Energy, a motor fuel distributor, and Petroleum Express, its affiliate trucking company, both based in Mt. Vernon, Mo.

Offen is a provider of motor fuel, lubricants, and petroleum logistics services in Colorado and 15 surrounding states. The business combination further expands Offen’s footprint more deeply into the mid-continent and Midwestern states. Ozark Mountain Energy will continue to operate from its Mt. Vernon, Mo., office and Brent, Eric and Kyle Wilmoth will continue to lead this region under Offen.

Ozark Mountain Energy was formed in 1991 by the Wilmoth family and has become a wholesale motor fuel and propane distributor. The company has concentrated its business operations in Missouri, Kansas, Oklahoma and Arkansas but further services customers in a total of 13 states. Under the leadership of Brent Wilmoth, Ozark Mountain Energy has grown its business to approximately 700-million-gallons of annual motor fuel and propane sales.

“This is yet another transformational addition to Offen," said Bill Gallagher, CEO of Offen Petroleum. "We believe that the cultures at Offen and Ozark Mountain Energy are a perfect fit, which will make this merger very successful.”

The companies will become a combined business and will continue to operate under the name Ozark Mountain Energy in the mid-continent and Midwestern states.

“I am very pleased that Ozark Mountain Energy will continue its growth under a larger platform that will provide greater opportunities for our customers, employees and suppliers. Our businesses have organically grown in a similar fashion by always putting the customer’s needs first. I am confident that joining with Offen is a great fit to enhance our company’s growth. To further demonstrate my commitment to the future of our combined companies, I am purchasing a significant equity stake in Offen Petroleum,” said Brent Wilmoth, CEO of Ozark Mountain Energy. 

Downstream Energy Partners LLC (DEP), Chicago, provided exclusive merger and acquisition advisory services to Ozark Mountain Energy. DEP is an investment bank specializing in merger and acquisition advisory services to middle market companies within the downstream energy sector.

Offen, Commerce City, Colo., is a growing distributor of fuels, propane and lubricants. Offen is a portfolio company of Court Square Capital Partners, a New York-based private equity firm. With the addition of Ozark Mountain Energy, the company is poised to distribute more than 2 billion gallons of motor fuel annually and will serve customers throughout the Intermountain West, mid-continent and Midwestern states, it said. In addition to branded and unbranded motor fuels, Offen sells propane and lubricant products and solutions for the commercial, industrial and passenger car segments, as well as diesel exhaust fluids (DEF) used in emission controls.

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