Mergers & Acquisitions

Valor Oil Enters the C-Store Business

Acquires 9 locations in northern Kentucky with purchase of Harper Oil

OWENSBORO, Ky. -- Valor Oil has entered the retail convenience-store business for the first time with the purchase of the assets of Harper Oil Products Inc. and Harper Properties Inc., effective April 1, 2018. Harper Properties operates nine convenience stores in Kentucky under the HOP Shops brand and one Dairy Queen Grill & Chill quick-service restaurant.

Harper Oil Products provides services to retail fueling stations, commercial, industrial, agricultural, oil heat and governmental customers with unbranded and branded fuels and lubricants.

Valor Oil has been supplying gasoline and petroleum products to retail fuel stores since 1966. Through the company-operated HOP Shops, Valor Oil  now “directly serves the motoring public with clean and inviting stores providing quality gasolines and well-stocked facilities at competitive prices,” the company said.

“We at Valor Oil can’t tell you how excited we are to have this opportunity to continue the work of such well-respected and well-run businesses,” said Josh Emmick, senior vice president of Valor Oil.

The Harper family has been a prominent petroleum wholesale distributor and c-store retailer in the northern Kentucky and Cincinnati market since 1955. Steve and Larry Harper purchased and took over operations from founder Bobby Harper in 1990 and have continued the Florence, Ky.-based chain’s growth in the region. All of its c-stores offer the DropTank Cents Off gas-savings rewards program.

Owensboro, Ky.-based Valor Oil, a third-generation, family-owned company, is a full-line petroleum distributor. It provides fuels, additives, lubricants, racing fuels and diesel exhaust fluid and other services to gas stations, c-stores and a variety of businesses in the commercial, industrial, marine, mining, oil heat and farming sectors in Kentucky, central Tennessee, southern Indiana, southern Illinois and southern Ohio. With products including Chevron, PetroCanada and private-label lubricants, top-tier branded gasoline and high-performance racing fuels and oils, Valor Oil is a major fuel and lubricant distributor in the region.

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.

Multimedia

Exclusive Content

Regulation & Legislation

The FTC Signals a Tougher Stance on Franchising, For Now

Agency’s recent comments represented some of its toughest regulatory moves on franchising in years, but the election might have a say in it

Regulation & Legislation

12 Big Complaints Franchisees Have With Franchising

The U.S. Federal Trade Commission recently listed some of the biggest concerns franchisees expressed during public comments last year.

Company News

Analysis: Is the Economic Heatwave Finally Breaking?

Signs point toward inflation’s end, but questions remain

Trending

More from our partners