BRECKSVILLE, Ohio — True North Energy LLC, a joint venture between the Lyden family and Shell Oil Co., has closed on the purchase of 19 fee-owned fuel and convenience stores and three unattended fueling locations from Titletown Oil Corp., primarily in the Green Bay, Wis., market.
The transaction also includes Titletown’s wholesale fuel operation that supplies Shell- and BP-branded fuel to more than 70 locations as well as its fuel transportation assets.
Titletown Oil is owned by Dan and Lori Pamperin and family. They wanted to sell their family-owned business to another family-owned business because of their shared sense of family values and commitment to their employees and customers, Dan Pamperin said.
The transaction did not include the Pamperin’s first store, Stadium Shell in Ashwaubenon, Wis., where they will continue to serve the community. The family will also continue to own Titletown’s car wash distribution business.
True North will rebrand Titletown’s Grand Central Station convenience stores to its flagship truenorth brand in the coming months.
“Their network of stores combined with the robust retail car wash business built by Dan and Lori presented us with a fantastic opportunity to expand our footprint in the Midwest while adding premium locations to our growing portfolio,” said Mark Lyden, True North’s president and CEO. “True North will continue to provide area customers with quality products, exceptional service and competitive fuel prices. We recognize customers have a choice where they purchase their fuel and convenience items, and we strive to be the customers’ brand of choice.”
Titletown Oil was exclusively advised by Terry Monroe, founder and president of American Business Brokers & Advisors, Effingham, Ill., a national company that provides merger and acquisition and advisory services in the sale of multi-site convenience stores and fuel distribution.
Brecksville, Ohio-based True North Energy offers fuel and convenience items at 165 company-operated stores, in addition to supplying fuel to more than 255 Shell- and BP-branded dealers. The company’s stores are located in the Chicago; Cleveland, Columbus, Dayton, Toledo and Youngstown, Ohio; Detroit and Traverse City, Mich.; and now Green Bay markets.
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