The Company is a full-line petroleum distributor providing diesel fuels and Chevron-branded lubricants to service stations, convenience stores, and a wide variety of customers in the commercial, residential, and coal mining sectors located in the Southeast, United States.
Key Aspects
· The Company is a Chevron 1st Source Marketer, which earns the Company a direct program-affiliate payment from Chevron on lubricants sold on a per gallon basis, and adds further credibility to the Company's products.
· The Company has a highly experienced team with more than 60 years working in the industry.
· The Company has an extensive supplier portfolio that enables the Company to meet consumer demand without disruptions.
· Management notes the Company has been an industry leader for the last four decades in the Southeast United States.
Opportunities
· Pursue geographic expansion to cover the greater Southeast United States and neighboring states.
· Leverage the Company's Chevron 1st Source Marketer status to expand lubricant service offerings, including technical support and oil analysis.
· Capitalize on the growing auto maintenance industry by marketing and selling more maintenance-related products.
· Utilize the Company's sterling reputation and experience in the industry to increase market share by creating a targeted marketing plan.
Headquartered
· Southeast, United States
Current Markets
· The Company services the mining, trucking, and agricultural industry, as well as retail locations and residential customers.
Real Estate
· The Company operates from a 3-acre campus owned by the Company. The campus contains a warehouse and operations office, a garage, and designated land for above-ground fuel storage. The facility can be included in the sale with the Company, or a long-term lease can be arranged.
Shareholder Objectives
· The Company is owned by four shareholders, two of whom are active in the management of the Company. The four shareholders are all in agreement of the sale of the Company and are seeking to financially derisk. Post-sale, the two inactive owners are seeking retirement and the two active owners are seeking to remain with the Company in management roles.
