COMMERCE CITY, Colo. — Offen Petroleum has completed two separate transactions in which it has acquired a portfolio of branded dealer contracts from motor fuels distributor Petroleum Management and certain logistics assets of Pathfinder Transportation, a distributor of propane in Missouri, Arkansas and Oklahoma.
Offen is an independent distributor of motor fuels, propane and lubricants and offers petroleum logistics services in 26 states in the U.S. West and Midwest.
Petroleum Management, with headquarters in Platteville, Colo., is owned jointly by Bill Scaff and Ed Holloway and is a longstanding wholesaler of motor fuels in the Centennial State. The company sells branded motor fuels under the Shell, Conoco, Phillips 66, Exxon, Mobil, Valero and Sinclair banners. Offen acquired a majority of Petroleum Management’s assets in the Front-Range region of Colorado. After the transaction, Petroleum Management will continue to operate convenience stores and supply a select portfolio of third-party dealers located in Colorado.
The addition of these customers further deepens Offen’s operations in Colorado, further enhances its position as a U.S. fuel distributor and grows its commitment to the branded dealer business.
Pathfinder is owned by John Holloway with headquarters in Hiwasse, Ark., and it distributes propane to customers through its affiliate company, Tri-State Propane. In connection with the acquisition of the Pathfinder logistics assets, Offen entered into an exclusive propane sales contract with Tri-State. This acquisition will allow Offen to expand its propane distribution capabilities in the Ozark region of the United States.
“We are very pleased to complete these two deals to continue our efforts to be a leading consolidator of motor fuel and propane distribution companies in the United States,” said Bill Gallagher, CEO of Offen. “I am pleased that Bill, Ed and John each have entrusted us to carry on their respective company legacies of providing best in class service to their customers.”
With headquarters in Commerce City Colo., Offen is a portfolio company of Court Square Capital Partners, a New York-based private equity firm. In addition to organic growth, Offen is an acquiror of companies in this consolidating marketplace. Offen distributes more than 2.2 billion gallons of motor fuel annually and will serve customers throughout 26 Western and Midwestern states. In addition to branded and unbranded motor fuels, Offen sells propane and lubricant products for the commercial, industrial and passenger car segments, as well as diesel exhaust fluids used in emission controls.
Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.