Mergers & Acquisitions

Phillips 66 Acquires Hunt & Sons: Reports

Distributor offers an array of fuels and lubricants in the West
Hunt & Sons delivery truck
facebook.com/huntsons

Fuel distributor Hunt & Sons Inc. is operating under new ownership after being acquired this fall. Hunt & Sons is a diversified petroleum distribution company based in Sacramento, California. The company specializes in commercial fleet fueling services, bulk fuel supply and comprehensive lubricant solutions for industrial, commercial, agricultural and automotive use.

A press release from Raymond James Investment Banking firm, which advised Hunt & Sons in the deal, leaves the name of the buyer undisclosed. An OPIS report, however, names Phillips 66 as the acquirer.

Hunt & Sons is a family-owned business in operation for more than 70 years. It owns and operates 13 office and warehouse facilities, and 38 commercial cardlock fueling sites. The Hunt & Sons product line features an array of petroleum products, including gasoline, low sulfur diesel fuel, biodiesel, gasoline, E85, kerosene, jet fuel and a full line of Chevron, Valvoline and Phillips 66 lubricant products.

Raymond James is a financial advisor to the convenience store and petroleum distribution industries. Its Convenience Store & Fuel Products Distribution Investment Banking group provides a full range of advisory and capital raising solutions to petroleum distributors, retailers, and related suppliers and service providers.

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