MERIDIAN, Idaho — PacWest Energy LLC, Meridian, Idaho, a joint venture between Jackson Energy and Shell Oil Products US, has purchased the U.S. wholesale petroleum distribution assets of R.M. Parks Inc.
R.M. Parks founded Porterville, Calif.-based petroleum products and services company R.M. Parks Inc. in 1969 when he sold his family’s ranch and purchased a small Texaco distributorship that sold fuel to 12 Texaco stations and approximately 35 agricultural accounts.
Along with Tim Callison, president and CEO, Parks expanded the business to sell gasoline, diesel fuel, motor oil, lubricants and automotive products. Callison and his son, Jason Callison, COO, further expanded the business in 1996 with the addition of the Shell brand and became one of the largest Shell wholesalers on the West Coast. The company supplied more than 160 Shell, Phillips, Valero, Sinclair and Spirit branded customers, as well as unbranded fuel to a large non-contract customer base with its proprietary transportation fleet.
In 2018, the company expanded wholesale operations into Mexico, where it will focus its wholesale petroleum distribution operations moving forward.
“It was not an easy decision for us to sell the business that our family and employees have spent over 50 years building. It was very important to us that our employees and customers were taken care of with this transaction,” said Jason Callison. “We chose PacWest Energy, which is also a family business and values their employees and customers the same way we do.”
Based in Meridian, Idaho, PacWest Energy operates and supplies Shell-branded retail locations in the Portland, Ore., market.
Houston-based Shell Oil Products US announced plans in 2005 to transition from a direct-delivered fuel model to a wholesale-delivered model. In 2008, it transitioned ownership or supply of 84 branded sites to PacWest Energy in the Portland market. PacWest rebranded the convenience stores at 62 of the locations to the Jacksons brand.
And in 2009, Shell Oil Products US sold 66 Shell-branded c-stores in the Seattle market to PacWest Energy, along with the right to supply an additional 31 Shell-branded retail locations owned by independent dealers. The sites continued to operate under the Shell brand.
Founded in 1975 in Caldwell, Idaho, as a single service station, Jacksons Food Stores Inc., is now based in Meridian. It has more than 250 Chevron-, Shell- and Texaco-branded c-stores in six western states. It also has a joint venture with San Ramon, Calif.-based Chevron Products USA, formed in 2017, that operates c-stores under the ExtraMile brand.
Richmond, Va.-based Matrix Capital Markets Group Inc. provided merger and acquisition advisory services to R.M. Parks which included valuation advisory, marketing the business through a confidential, structured sale process and negotiation of the purchase agreement.