RelaDyne Enters Florida through the Acquisition of Three Major Lubricant Distributors

ReladyneAcquisitionRelaDyne further expands its Southeast geography with acquisitions of three leading Florida distributors – Jack Becker Distributors, Inc., Flamingo Oil, and Seaboard Neumann. These are the first acquisitions in Florida for RelaDyne.

RelaDyne, one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, has closed on the acquisitions of Jack Becker Distributors, Inc., Seaboard Neumann, and Flamingo Oil, three of Florida’s top distributors offering lubricants, fleet services, equipment, and diesel exhaust fluids. This transaction is a strategic move to expand RelaDyne’s geographical footprint and resources into the growing state of Florida.

about-jack-beckerFounded in 1956, Jack Becker Distributors, Inc. entered the market and has expanded to offer a wide range of branded lubricants to Florida and Southern Georgia. Flamingo Oil started serving the automotive market of Miami, Florida, in 1930, and has since grown to offer a full line of bulk and packaged engine oils as well as a full range of shop equipment solutions and services across the state of Florida. Seaboard Neumann was established in 1997 in Central Florida and has made a few of its own acquisitions, extending its footprint from Central Florida to Tampa.

About-seaboard“This partnership with RelaDyne is a natural next step for Jack Becker and Seaboard,” said David Rowland, President of Seaboard Neumann and Jack Becker Distributors. “Our employees are eager for the new capabilities and services that RelaDyne brings along with the opportunity for advancement that wasn’t there before. As Jack Becker used to say, ‘the only constant is change’ – so this change means enhanced offerings for our customers and more opportunities for our valued associates. That’s a win-win!”

“Our family and employees are excited about the future as we work with RelaDyne to further grow our business and service to our customers,” said Dale Moseley, Jr., Vice President of Flamingo Oil. “Customers have already started welcoming the enhanced branding, technology, and services that RelaDyne immediately brings to the market.”

“We are very excited to welcome the associates and customers from Jack Becker, Seaboard, and Flamingo to the RelaDyne team,” stated Larry Stoddard, RelaDyne President and CEO. “We will bring the full capabilities of RelaDyne to expand not only the opportunities for our new associates, but a greater breadth of products and services to our new customers. We are also very excited to be entering into the Florida market.”

flamingo-oilRelaDyne continues to be the “Acquirer of Choice” in the lubricants, fuel, and reliability segments. “The acquisition of Jack Becker, Flamingo Oil, and Seaboard Neumann signifies the capabilities of RelaDyne with the complexities involved in the simultaneous closing of three acquisitions,” said RelaDyne CSO Jeff Hart, who leads RelaDyne’s M&A activities. “We are continually looking to acquire leading businesses with great people and great customers. Our M&A team at RelaDyne is focused on adding new geography, new capabilities, and more density within our current footprint as we continue to create a national distribution platform.”

About Jack Becker Distributors, Inc.
Jack Becker Distributors, Inc. is a leading, multi-branded lubricant distributor serving customers across Florida and Southern Georgia with an emphasis on diesel exhaust fluid, automotive products, and finished lubricants. Those interested in more information can contact the Jacksonville office to learn more about the lubrication products, services and equipment offered.

About Flamingo Oil
Flamingo Oil began serving the automotive market in 1930 and has since grown to offer a full line of bulk and packaged engine oils, as well as a full range of shop equipment solutions and services. Those interested in more information can contact the Miami office to learn more about the lubrication products, services and equipment offered.

About Seaboard Neumann
Seaboard Neumann was founded to serve the Ford Motor Company as a Motorcraft distributor. Since its beginning, Seaboard Neumann has grown across the state of Florida with a comprehensive product portfolio that includes diesel exhaust fluid, automotive chemicals, and finished lubricants. Those interested in more information can contact the Lakeland office to learn more about the lubrication products, services and equipment offered.

About RelaDyne
RelaDyne, headquartered in Cincinnati, Ohio, is one of the nation’s leading providers of lubricants, fuels, diesel exhaust fluid (DEF), and reliability services for industrial, commercial, and automotive businesses in the United States. RelaDyne was formed in 2010 by the combination of four well-established industry-leading companies and has since grown to more than 60 locations by strategically acquiring other industry leaders in the lubricant, fuel distribution, and industrial service segments. For more information, visit www.RelaDyne.com.

 

RelaDyne Acquires A&W Oil & Tire Company of Augusta, Georgia

A&WlogoRelaDynelogoRelaDyne, one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, has acquired A&W Oil & Tire Company, Inc. (A&W Oil), a fuel and lubricant distributor. This acquisition extends RelaDyne’s geographical footprint in the southeast region of the United States.

A&W Oil, headquartered in Augusta, Georgia, with a second facility in Waynesboro, serves eastern Georgia and western South Carolina with quality fuels and lubricants. As part of RelaDyne, A&W Oil will handle this geography with expanded products and capabilities. The introduction of RelaDyne Reliability Services to A&W’s marketplace and OEMs will add substantial value to the current and prospective A&W Oil customer base.

“We are thrilled to be joining the RelaDyne team,” said John Sylvester, Jr., President of A&W Oil Company. “Our partnership with RelaDyne will be a great expansion of resources, products and services for our loyal customers. All of our employees are now part of the RelaDyne family of companies, providing the same exceptional service to our great customers.”

“We are very excited to welcome both the associates and customers of A&W Oil to the RelaDyne family,” stated Larry Stoddard, RelaDyne President and CEO. “Our acquisition strategy has remained consistent – expand RelaDyne geographically through high quality companies with great people and integrate our robust products and services to create long term value to our associates, customers, and investors. The acquisition of A&W Oil continues this strategy.”

RelaDyne continues to be the “Acquirer of Choice” in the lubricants, fuel, and reliability segments. “The acquisition of A&W Oil Company is the third acquisition for RelaDyne in 2018 and our first in Georgia,” said RelaDyne CSO, Jeff Hart. “RelaDyne continues to make significant investments to acquire, integrate and grow these companies once they join RelaDyne. Our acquisition pace continues to increase as we create a national distribution platform.”

About A & W Oil Company
A&W Oil Company is a fuel and lubricant distributor as well as a common carrier serving customers across Georgia and South Carolina. Those interested in more information can contact the Augusta, Georgia, office to learn more about the lubrication products, services and equipment offered.

About RelaDyne
RelaDyne, headquartered in Cincinnati, Ohio, is one of the nation’s leading providers of lubricants, fuels, diesel exhaust fluid (DEF), and reliability services for industrial, commercial, and automotive businesses in the United States. RelaDyne was formed in 2010 by the combination of four well-established industry-leading companies and has since grown to more than 60 locations by strategically acquiring other industry leaders in the lubricant, fuel distribution, and industrial service segments. For more information, visit www.RelaDyne.com.

Other RelaDyne Acquisitions in 2018:

RelaDyne Acquires T.A. Roberts Oil Company of Columbia, Louisiana

RelaDyne Acquires Conservancy Oil Group of New Mexico and Colorado

Round 2 Lubricant Price Increase Summary

Company Announced Date Effective Date Increase
Sinclair Lubricants 2/12/2018 3/1/2018 up to 5%
CAM2 3/1/2018 3/24/2018 4 to 10%
Smitty’s Supply 3/1/2018 3/24/2018 4 to 10%
Pinnacle Oil 3/2/2018 3/19/2018 5 to 10%
Allegheny Petroleum 3/5/2018 3/24/2018 4 to 8%
Advanced Lubrication Specialities (ALS) 3/29/2018 6 to 9%
Sunoco 3/29/2018 6 to 9%
Chemlube 3/7/2018 3/26/2018 5 to 8%
Reliance Fluid Technologies (RFT) 3/7/2018 4/9/2018 4 to 9%
Sunbelt Lubricants 3/8/2018 3/21/2018 6 to 8%
PennStar 3/9/2018 3/19/2018 6 to 10%
Martin Lubricants 3/12/2018 4/16/2018 4 to 10%
Warren Distribution 3/12/2018 4/9/2018 5 to 8%
Maverick Performance Products 3/7/2018 3/26/2018 5 to 8%
Royal Mfg 3/13/2018 4/2/2018 3 to 8%
Omni Specialty Packaging 4/23/2018 5 to 8%
ExxonMobil 3/22/2018 4/23/2018 up to 10%
Warren Oil 3/23/2018 4/23/2018 3 to 8%
Chevron 3/28/2018 5/7/2018 up to 10%
Nu-Tier 3/28/2018 4/16/2018 6 to 8%
Total 3/29/2018 4/30/2018 3 to 5%
Shell 4/4/2018 5/7/2018 up to 10%
Phillips 66 4/5/2018 5/14/2018 up to 10%
 Safety-Kleen  4/5/2018  5/7/2018 up to 10%
Castrol (excluding industrial) 4/12/2018 5/14/2018 up to 10%

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 CLICK FOR COMPLETE LIST OF LUBRICANT PRICE INCREASES IN 2018 ROUND 1 

Click on the Timeline Below to See All Effective Increase Dates in 2018

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Chevron: Second Major to Move in Round 2

Chevron is the Second Major to Move in Round 2

Chevron Lubricants announced today a general increase of up to 10% on all its lubricating oils and greases. The increase is effective May 7, 2018. Chevron attributes the adjustment to the increasing costs of raw materials used in the manufacturing process.

This announcement follows ExxonMobil, the first major to move in round 2, as reported by JobbersWorld, March 23, 2018.

See the bottom of page for a complete table of all price increases reported by JobbersWorld in Round 2, 2018.

Valor Oil acquires Harper Companies of Florence, KY

Valor Oil announces the purchased of Florence, KY based Harper Oil Products, Inc. and Harper Properties, Inc. assets effective April 1, 2018.

ValorOilHarper

Left to right: Josh Emmick SVP, Gary Emmick CEO/President

“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 Valor Senior Vice President Josh Emmick. Adding to this, Emmick tells JobbersWorld, “The acquisition helps advance Valor’s goal to be the petroleum distributor of choice in Kentucky by extending its geographic reach originally from Bowling Green to Louisville, KY on into the northern part of the State and up to Cincinnati. The Harper’s have been life-long friends of mine and I am so glad they entrusted us with this opportunity. We will offer our entire suite of product lines in this market: Branded Stores, Unbranded Stores, Tankwagon Fueling, Transport Fueling, Cardlock Fleet Sites, Chevron Lubricants, Private Label Lubricants, DEF Manufacturing, and Renegade Racing Fuels.”

ValorQuoteThe Harper family has been a prominent petroleum wholesale distributor and convenience store retailer in the Northern Kentucky and Greater Cincinnati market since 1955. Steve and Larry Harper purchased and took over operations from founder Bobby Harper in 1990 and have continued its prominence and growth in the region. Harper Oil Products, Inc. provides services to retail fueling stations, commercial, industrial, agricultural, oil heat and governmental customers with unbranded and branded fuels and lubricants. Harper Properties, Inc. operates nine convenience stores under the HOP Shops brand and one Dairy Queen Grill & Chill fast food restaurant.

Valor Oil is a 3rd generation family owned company based in Owensboro, Kentucky and is a full-line petroleum distributor. Valor will now have physical presence in Owensboro, Bowling Green, Louisville, Florence and Maysville Kentucky. Their services provide fuels, additives, lubricants, racing fuels and diesel exhaust fluid (DEF) – as well as innovative, cost-saving services – to gas stations, convenience stores, and a wide 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 ranging from a full line of Chevron, Petro Canada, and private label lubricants, to top tier branded gas, to high-performance racing fuels and oils, Valor Oil has become one of the premier fuel and lubricant distributors in the region. Through its company operated HOP Shop convenience stores Valor now directly serves the motoring public with clean and inviting stores providing quality gasolines and well stocked facilities at competitive prices.

AXEL ACQUIRES ROYAL MFG

AXEL Christiernsson has acquired the operating assets and the majority of other assets of Royal Mfg Co, LP. The business will now be carried forward as AXEL Royal LLC, a subsidiary of AXEL Americas LLC, building on the heritage of Royal Mfg Co, LP as a well-established supplier of lubricating greases and lubes in the US market and abroad.

The AXEL Christiernsson Group (AXEL) has expanded and become one of the leading producers and suppliers of lubricating greases in Europe, with state-of-the-art manufacturing facilities in Sweden, the Netherlands and France, and AXEL Americas, LLC is also a significant player in the US. Through organic growth and acquisitions, the company is now a leading supplier of private label lubricating greases in the global business-to-business” market.

AXELRoyalQuoteAXEL works successfully with many of the leading lubricant companies around the world and has become the largest independent manufacturer of lubricating greases in the European market, with a noticeable position in the USA since 2011. By adding Royal, we create a step change for AXEL Americas, increasing our capacity and extending our reach in the US market.

Royal Mfg Co, LP, has facilities in Tulsa, Oklahoma and Schertz, Texas. Since 1914, Royal and its predecessors have provided high-performance oils and greases to their clients. Bill Mallory, of Royal, has also successfully expanded by bringing Troco and Wright into the same structure. The Brownsville base oil terminal is not included in this transaction.

“I am pleased to see Royal becoming a part of the AXEL Group and believe our companies will work very well together, building on the knowledge and skills that prevail on both sides. Royal and AXEL are both dedicated to high-quality products and customer service. The combination will be excellent!”, said Bill Mallory, President Royal Mfg. Co LP

According to AXEL Americas President, Tom Schroeder, “Our combined customer offering will increase significantly with the capabilities of three production sites and the talents of the larger work force coming together. We will operate the business as AXEL Royal LLC to effectively bridge the transition in a transparent and structured manner. Bill Mallory will be assisting us for a period as consultant, while Jim Gott, Dr Anoop Kumar and all others in the existing team will carry forward as employees of the new company. I, with the help of our dedicated employees, look forward to leading this new organisation and making it a leading lubricating grease company in the US; much like AXEL is in Europe.”

“We are excited to take this important step to grow our platform in USA. We look forward to this great opportunity and our commitment is to offer all our customers, existing and new, remarkable products and excellent services through our talented people”, said Johan Stureson, CEO AXEL Christiernsson.

Round 2 Lubricant Price Increase Summary

Company Announced Date Effective Date Increase
Sinclair Lubricants 2/12/2018 3/1/2018 up to 5%
CAM2 3/1/2018 3/24/2018 4 to 10%
Smitty’s Supply 3/1/2018 3/24/2018 4 to 10%
Pinnacle Oil 3/2/2018 3/19/2018 5 to 10%
Allegheny Petroleum 3/5/2018 3/24/2018 4 to 8%
Advanced Lubrication Specialities (ALS) 3/29/2018 6 to 9%
Sunoco 3/29/2018 6 to 9%
Chemlube 3/7/2018 3/26/2018 5 to 8%
Reliance Fluid Technologies (RFT) 3/7/2018 4/9/2018 4 to 9%
Sunbelt Lubricants 3/8/2018 3/21/2018 6 to 8%
PennStar 3/9/2018 3/19/2018 6 to 10%
Martin Lubricants 3/12/2018 4/16/2018 4 to 10%
Warren Distribution 3/12/2018 4/9/2018 5 to 8%
Maverick Performance Products 3/7/2018 3/26/2018 5 to 8%
Royal Mfg 3/13/2018 4/2/2018 3 to 8%
Omni Specialty Packaging 4/23/2018 5 to 8%
ExxonMobil 3/22/2018 4/23/2018 up to 10%
Chevron 3/28/2018 5/7/2018 up to 10%

Timeline3282018R2
 CLICK FOR COMPLETE LIST OF LUBRICANT PRICE INCREASES IN 2018 ROUND 1 

JobbersWorld Announces Lubricant Pricing Reports

JWMiniBooks-3A must have report for manufacturers, marketers, buyers and others looking to understand price drivers and communicate the reasons for price increases to customers.

THE REPORTS provide insights and information on finished lubricant prices and an in-depth analysis of the cost drivers responsible for the changes in lubricant costs and prices in the US market.

The Finished Lubricant Pricing Reports provide lubricant manufacturers and marketers with an independent source of information and insights on price changes at the manufacturer and retail levels and the key drivers behind the changes. In addition to the influence of crude and base oil, the reports analyze the impact of changes in the cost of lubricant additives, transportation, packaging, labor, and others.

clickmorejw

RFT One of the first ILMA Members to Officially Upgrade to SN Plus

Reliance Fluid Technologies One of the first ILMA Members to Officially Upgrade to SN Plus

RFTReliance Fluid Technologies, LLC, an independent lubricant manufacturer based out of Niagara Falls, NY has become one of the first ILMA members to officially upgrade their complete passenger car motor oils (PCMO) line to meet the new upcoming SN Plus specification. This new technology addresses modern engine problems associated with the LSPI (Low Speed Pre-Ignition) which is being identified with GDI (gasoline direct injection) and turbochargered engines.

John Garguiolo, President of Reliance, tells JobbersWolrd, “We made a team decision while going through the dexos1™ Gen 2 approval process and working with their major customers and vendors. We’ve worked with Afton Chemical, our PCMO additive supplier, to upgrade our product line in the last quarter of 2017 and we were fully compliant to the SN Plus specification by the first of December. As an independent manufacturer, who is going through record growth, we strive to be a leader with the newest technology available in the market and are very conscious to manufacture only licensed API and OEM approved engine oils. As a supporter of PQIA we’ve seen an influx of questionable lubricants migrate into the market so we are working with our customers to educate them about the importance of selling only quality lubricants. Our tag line says it all ” Our Formulas are Your Success”.

About Reliance Fluid Technologies, LLC
Reliance Fluid Technologies, LLC is, a private label manufacturer of lubricants and chemicals, based in Niagara Falls, New York offering a full line of PCMO, Heavy Duty Engine Oils, Industrial lubricants, metalworking and chemicals. For more information visit www.rftllc.com

JobbersWorld Announces Lubricant Pricing Reports

JWMiniBooks-3A must have report for manufacturers, marketers, buyers and others looking to understand price drivers and communicate the reasons for price increases to customers.

THE REPORTS provide insights and information on finished lubricant prices and an in-depth analysis of the cost drivers responsible for the changes in lubricant costs and prices in the US market.

The Finished Lubricant Pricing Reports provide lubricant manufacturers and marketers with an independent source of information and insights on price changes at the manufacturer and retail levels and the key drivers behind the changes. In addition to the influence of crude and base oil, the reports analyze the impact of changes in the cost of lubricant additives, transportation, packaging, labor, and others.

clickmorejw

CrossAmerica Partners LP: Board of Directors Announces New leadership Within its Executive Team

CrossAmerCrossAmerica Partners LP, a leading wholesale fuels distributor, announced today a planned leadership change within the executive team of the Partnership. Gerardo Valencia will be joining CrossAmerica as president, effective March 1, 2018, and will be joining the Board at that time. Valencia will work from the Allentown, Pennsylvania headquarters and, following a transition period, will also be appointed chief executive officer.

In order to ensure a smooth leadership transition, Jeremy Bergeron will resign as president of CrossAmerica effectively March 1, 2018 and continue in his role as chief executive officer until the time of the transition. In the 2nd or 3rd Quarter of calendar 2018, Bergeron will be assuming a new leadership role within Alimentation Couche-Tard and Valencia will assume the additional role of chief executive officer for the Partnership.

“The Board of Directors of CrossAmerica is thrilled to have Gerardo join the team and are confident that he will lead the Partnership to an exciting future,” said Alex Miller, Chairman of the Board of Directors and Senior Vice President of Operations & Global Fuels at Couche-Tard. “Gerardo’s over 20 years of experience in the downstream oil industry, convenience and fuel retailing in North America and Europe will help propel CrossAmerica to its next chapter.”

Prior to joining CrossAmerica, Valencia was responsible for retail operations, asset management, business development, national wholesale fuel sales and strategy for different markets around the globe for BP p.l.c. He was president at ampm, the convenience store subsidiary of BP p.l.c., head of sales and marketing for the U.S. West Coast and, in his last role within BP p.l.c., was responsible for retail strategy and implementation of programs across North America. He holds an MBA from the Kellogg School of Management and a Bachelor of Science Degree in Industrial and Mechanical Engineering from the Monterrey Institute of Technology in Mexico.

“Gerardo is a proven leader and brings with him extensive experience across both the wholesale and retail businesses,” stated Bergeron. “He is an excellent addition to this terrific CrossAmerica team, and I look forward to working with him to grow the business and build more value for our unitholders.”

“I believe that combining my deep background in the fuel and retail industry with this talented and seasoned team will help CrossAmerica reach a new level of growth and development,” said Valencia. “I am honored to have the opportunity to be part of this organization, and I look forward to working with Jeremy and the entire CrossAmerica organization.”

“On behalf of the Board, we want to thank Jeremy for his leadership at CrossAmerica,” said Miller, “He has guided us through a very challenging MLP market period, continues to transition the organization through its initial integration with Couche-Tard, and provide a strong vision for the Partnership.”

About CrossAmerica Partners LP
CrossAmerica Partners is a leading wholesale distributor of motor fuels and owner and lessor of real estate used in the retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC, is a wholly owned subsidiary of Alimentation Couche-Tard Inc. Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,200 locations and owns or leases approximately 900 sites. With a geographic footprint covering 31 states, the Partnership has well-established relationships with several major oil brands, including ExxonMobil, BP, Shell, Chevron, Sunoco, Valero, Gulf, Citgo, Marathon and Phillips 66. CrossAmerica Partners ranks as one of ExxonMobil’s largest distributors by fuel volume in the United States and in the top 10 for additional brands.

Source: GlobeNewswire

Mavis Discount Tire and Express Oil Change & Tire Engineers to Merge

Mavis Discount Tire (“Mavis”) announced that it has signed a definitive agreement to merge with Express Oil Change & Tire Engineers (“Express”), a Golden Gate Capital portfolio company, creating one of the largest independent automotive service platforms in the U.S. Upon closing, the combined company will be led by Mavis’ current Co-Chief Executive Officers, David and Stephen Sorbaro, and Express’ Chief Executive Officer, Ricky Brooks, will be named Executive Chairman. ONCAP is selling its stake in Mavis to Golden Gate Capital, which, along with the Sorbaros, will be significant shareholders in the combined company. Financial terms of the transaction, which is expected to close in the first half of 2018, were not disclosed.

The merger of Mavis and Express unites two of the leading operators in the automotive service sector with a history of strong organic sales and service center growth. The combined company will operate more than 830 locations in 24 states across the East Coast, South and Midwest. Golden Gate Capital expects to continue to invest behind this scale platform to accelerate new unit development and to acquire additional automotive service providers in the combined company’s core and contiguous markets.”

MavisQuoteWe are thrilled to partner with Express and Golden Gate Capital to create a leading company in the auto service industry in terms of service center footprint, financial strength and service quality. We have long admired Ricky and the entire Express team, who share the same values of integrity, trust and outstanding customer service,” said David Sorbaro, Co-Chief Executive Officer of Mavis Discount Tire. “Express is the ideal partner as we continue to expand our footprint nationally. We’re grateful for ONCAP’s support throughout its ownership, and Stephen and I look forward to continuing to provide customers at Mavis and Express with the very best auto care in the industry.”

“This exciting transaction unites two customer-driven companies with a deep-rooted service ethic. Mavis has long been a leader in providing cost-effective and quality tires and service, and we are delighted for the opportunity to partner with them and benefit from each other’s expertise,” said Ricky Brooks, Chief Executive Officer of Express Oil Change & Tire Engineers. “I am confident that together, Mavis and Express will create an entirely new standard of auto care in the U.S.”

Josh Cohen, a Managing Director at Golden Gate Capital, said, “For years we have observed both Mavis’ and Express’ tireless dedication to their customers and operational excellence and we’re elated to have the opportunity to partner with the Sorbaros and Ricky. Uniting these strong, recognized brands will combine best practices and result in an acceleration of their current industry-leading growth.”

Evan Hershberg, a Managing Director at ONCAP, said, “During our ownership David and Stephen did a fantastic job expanding on their world-class platform. We’re proud of what we accomplished together and we wish Mavis, Express and Golden Gate Capital continued success.”

Jefferies is serving as the exclusive financial advisor to Mavis and is leading the financing group which includes Antares Capital, KKR Capital Markets, Angel Island Capital and Cowen. Ropes & Gray LLP and Nob Hill Law Group P.C. served as legal advisors to Golden Gate Capital and Express, and Covington & Burling LLP served as legal advisor to Mavis, the Sorbaro family and ONCAP.

Source: Business Wire

With Our Sympathy

It is with immense sadness that we report the passing of Harvey Golubock. Harvey was an industry leader, friend to many and will be missed. Click for details

On the Wire and in the News

Total and Aston Martin Sign a New Global Partnership

Neste appoints Brenntag as its new NEXBASE Group III base oils distributor in Greater China

Car manufacturers go all in on electric cars, raising specter of peak oil demand

Gen III Oil Corp. signs Term Sheet for CAD$72 Million Secured Credit Facility

Parman Energy Group to Acquire Chevron Business from Lube-Tech & Partners

ParmanEnergyGroupParman Energy Corporation, now Parman Energy Group, announced its upcoming acquisition of Lube-Tech & Partners’ (Lube-Tech) Chevron branded lubricants business in early March 2018. Under terms of the agreement, Parman Energy Group will acquire most of Lube-Tech’s Chevron-centric customer base. With this arrangement, both Parman Energy Group and Lube-Tech customers will continue to receive the same products and services they receive today, with the same level of uninterrupted customer service and support.

Parman Energy Group’s Upper-Midwest regional headquarters will be located in St. Cloud, MN, with additional distribution locations in Roseville, MN and Des Moines, IA. Parman Energy Group’s employee base will be comprised of Lube-Tech employees, including customer service, sales, drivers and warehouse staff. These Lube-Tech employees will become Parman Energy Group employees in early March 2018. Lube-Tech will continue to directly provide recycling, fuel and equipment products and services to Parman Energy Group customers.

“Lube-Tech is a family-owned company with a mission to make tomorrow a little bit better than today for each other, for our customers, and for our community” says Lube-Tech Chairman, Chris Bame. “Above all, we are proud of the relationships our Lube-Tech family has formed with our customers over the years. As the industry progresses towards more focused supply relationships, our new service arrangement with Parman Energy Group ensures our Chevron customers will have the right team and product offering to take their business performance to the next level.”

“Parman Energy was founded as a family owned business and is now 100% employee owned” says Steve Moore, Parman Energy Group’s President and CEO. “Our entry into the Upper-Midwest market is a key element in Parman’s overall growth strategy, and we look forward to bringing our trademark level of Totally Outrageous Customer Service to our customers there. Parman Energy Group shares Lube-Tech’s values and operating philosophies and is privileged to be able to continue the customer focused service that Lube-Tech customers have come to expect.”

About Parman Energy Group
Parman Energy Group, formerly Parman Energy Corporation, is an employee owned company that delivers quality lubricant products, diesel exhaust fluid, motor fuels, petroleum equipment, coolants, and related products, solutions and services. Since the mid-1930’s, the Parman name has been a name synonymous with petroleum products in Tennessee and has continued to expand their diverse petroleum product offerings throughout the Eastern U.S. For additional information, please visit the company website at www.parmanenergy.com.

About Lube-Tech & Partners, LLC
Lube-Tech & Partners was formed in June 2016 by the founding companies of Boyer Petroleum (Des Moines, IA), Lubrication Technologies (St. Paul, MN), and Moore Oil (Milwaukee, WI). The merged organization has built upon the founders’ long history of an employee-centric, customer-focused approach to business. As the Midwest’s go-to resource for advanced lubrication and energy solutions, Lube-Tech is driven to help customers accelerate their business performance through a high-octane approach to service – with a mission to make tomorrow a little bit better than today for its employees, customers and the community. Based in St. Paul, MN, Lube-Tech & Partners has operations in Iowa, Minnesota, and Wisconsin and serves commercial, automotive and industrial customers. The company produces and distributes millions of gallons of lubricants and chemicals and employs over 200 people. For more information, visit www.lubetech.com.

Round One Price Increase Summary

With nearly all major lubricant manufacturers announcing adjustments, the first round of finished lubricant price increases in 2018 will make its mark in the history books.

The first announcement JobbersWorld reported on came when CAM2 announced on January 12th that it was pushing through a price increase effective February 5th. This was soon followed by Shell and within three days of the first announcement, most lubricant manufacturers also announced with ExxonMobil only seven days after Shell. A summary of the most recent price increase announcements are shown below and that’s followed by a summary of all finished lubricant price increases JW reported in the first round for 2018.

As of today, the list of companies JobbersWorld reported on that have announced lubricant price increases in 2018 is shown below:

Company
Announced Date
Effective Date
Increase
CAM2 1/12/2018 2/5/2018 6 to 10%
SOPUS Products (Shell Lubricants) 1/15/2018 2/19/2018 up to 5%
Advanced Lubrication Specialties (ALS)
1/16/2018 2/5/2018 6 to 10%
Sinclair Lubricants 1/17/2018 3/1/2018 up to 6%
Chemlube 1/18/2018 2/5/2018 $0.20 to 0.25/gal
Nu-Tier Brands 1/18/2018 2/19/2018 6 to 8%
Martin Lubricants 1/18/2018 2/16/2018 4 to 7%
Safety-Kleen 1/18/2018 2/19/2018 5 to 8%
Pinnacle Oil 1/19/2018 2/6/2018 6 to 10%
Royal Mfg 1/22/2018 2/26/2018 5 to 8%
ExxonMobil 1/22/2018 2/26/2018 up to 6%
Reliance Fluid Technologies (RFT) 1/22/2018 2/26/2018 5 to 9%
Chevron 1/22/2018 3/1/2018 up to 5%
Warren Oil 1/22/2018 2/23/2018 4 to 10%
CITGO 1/23/2018 2/23/2018 5 to 8%
Petro-Canada 1/24/2018 2/23/2018 Lubricants up to 6%
Process Oils and Purity FG White Oils $0.10/gal
Warren Distribution 1/24/2018 2/26/2018 6 to 9%
Smitty’s Supply 1/24/2018 2/12/2018 lubricants 6 to 10%
Greases 3cpp
Phillips 66 1/25/2018 3/5/2018 up to 5%
Old World Industries 1/29/2018 2/12/2018 6 to 10%
BP Lubricants USA (Castrol excluding industrial) 1/29/2018 3/12/2018 up to 6%

News on the Wire

RelaDyne Acquires Conservancy Oil Group, More Price Increases

RelaDyne Acquires Conservancy Oil Group of New Mexico and Colorado

RelaDyne, one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, has acquired Conservancy Oil Group, a leading regional distributor of lubricants, DEF and related products based in New Mexico. This acquisition extends RelaDyne’s geographical footprint into Southwestern United States.

Founded in 1936, Conservancy Oil Group is the premier supplier of lubricants, coolants, DEF and chemicals in the Southwest. With four locations spanning New Mexico and Colorado, Conservancy Oil serves the automotive, commercial, and industrial markets.

“Our partnership with RelaDyne marks a new, and exciting era for Conservancy Oil,” said John Mayer, CEO of Conservancy Oil Group. “We are thrilled to partner with such a well-established company whose culture and values align so well with the foundation of Conservancy Oil. The infrastructure and capital that RelaDyne has to offer our team and our valued customers will greatly enhance the product offering and levels of service we can provide. We feel fortunate to be part of a company that is changing the landscape of lubricant distribution. Our combined strengths in the New Mexico and Colorado markets will allow us to accelerate our growth plans while providing more opportunities for our wonderful team and loyal customers.”

John Mayer of Conservancy Oil Group and Larry Stoddard of RelaDyne.

“The closing of the Conservancy Oil Group acquisition is the result of our substantial efforts to grow our existing footprint to include Southwest United States,” stated Larry Stoddard, RelaDyne President and CEO. “With the existing capabilities of Conservancy Oil Group and the resources RelaDyne can provide, I am very confident in the future. We welcome the Conservancy Oil team to RelaDyne!”

RelaDyne continues to be the “Acquirer of Choice” in the lubricants, fuel, and reliability segments. “The acquisition of Conservancy Oil Group is the first of many in 2018 for RelaDyne,” said RelaDyne CSO, Jeff Hart. “We are continually looking to acquire leading businesses with great people and great customers – Conservancy Oil Group and their stellar reputation is truly a perfect example of this. RelaDyne has made significant investments in acquiring great companies and in our ability to integrate and grow these companies once they join RelaDyne. This dedication to integration and growth at RelaDyne has allowed us to accelerate our acquisition pace as we continue to create a national distribution platform.”

About Conservancy Oil Group

Conservancy Oil Group is a leading, multi-branded lubricant distributor serving customers across New Mexico, Colorado, and southern Utah. With a portfolio of products to serve the automotive, commercial, and industrial markets, Conservancy is a well-established marketer in the Southwest region. Those interested in more information can contact the Albuquerque, New Mexico; Las Cruces, New Mexico; Grand Junction, Colorado; and Durando, Colorado offices to learn more about the lubrication products, services and equipment offered.

About RelaDyne

RelaDyne, headquartered in Cincinnati, Ohio, is one of the nation’s leading providers of lubricants, fuels, diesel exhaust fluid (DEF), and reliability services for industrial, commercial, and automotive businesses in the United States. RelaDyne was formed in 2010 by the combination of four well-established industry-leading companies and has since grown to more than 60 locations by strategically acquiring other industry leaders in the lubricant, fuel distribution, and industrial service segments. For more information, visit www.RelaDyne.com.

More Price Increases

Warren Distribution announced a price increase of 6 to 9% on all its lubricants. The increase is effective February 26, 2018. Warren attributes the increase to the higher cost of raw materials and transportation.

Smitty’s Supply announced it will increase the price of its bulk and packaged lubricants by 6 to 10%, and its greases by 3 cents per pound (cpp). The increase will go into effect on February 12, 2018. Smitty’s attributes the increase to the rising cost of raw materials used in manufacturing lubricants and greases.

Nu-Tier Brands announced that effective February 19, 2018, it will implement an increase of 6 to 8% on its finished lubricants. Nu-Tier attributes the increase to the higher cost of raw materials and manufacturing.

Reliance Fluid Technologies (RFT) advised its customers that due to the increase in cost of base oils, additives, packaging and transportation, it will increase its prices on its products by 5 to 9%. The increase goes into effect February 26, 2017.

As of today, the list of companies JobbersWorld reported on that have announced lubricant price increases in 2018 is shown below:

Company
Announced Date
Effective Date
Increase
CAM2 1/12/2018 2/5/2018 6 to 10%
SOPUS Products (Shell Lubricants) 1/15/2018 2/19/2018 up to 5%
Advanced Lubrication Specialties (ALS)
1/16/2018 2/5/2018 6 to 10%
Sinclair Lubricants 1/17/2018 3/1/2018 up to 6%
Chemlube 1/18/2018 2/5/2018 20 to 25 cpg
Nu-Tier Brands 1/18/2018 2/19/2018 6 to 8%
Martin Lubricants 1/18/2018 2/16/2018 4 to 7%
Safety-Kleen 1/18/2018 2/19/2018 5 to 8%
Pinnacle Oil 1/19/2018 2/6/2018 6 to 10%
Royal Mfg 1/22/2018 2/26/2018 5 to 8%
ExxonMobil 1/22/2018 2/26/2018 up to 6%
Reliance Fluid Technologies (RFT) 1/22/2018 2/26/2018 5 to 9%
Chevron 1/22/2018 3/1/2018 up to 5%
Warren Distribution 1/24/2018 2/26/2018 6 to 9%
Smitty’s Supply 1/24/2018 2/12/2018 lubricants 6 to 10%
Greases 3cpp

 

Shell Announces Price Increase

The First Major to Move

For those who read the issue of JobbersWorld published on Friday, January 12th, it’s clear that at least two lubricant manufacturers were working their financial spreadsheets and evaluating various courses of action to address the base oil and additive price increases taking effect this month. This became clear only hours after we published that issue when Cam2 announced a price increase. See JW Evening Edition  – Jan-12. Next was Shell.

SOPUS Products (Shell Lubricants) announced today that it will increase the price of its finished lubricants by up to 5%. The increase goes into effect on February 19, 2018. Shell attributes the move to increasing costs of raw material and delivery of its products.

Lube-Tech Auto Parts, LLC Merges with Mighty Auto Parts Distribution Franchise

Lube-Tech Expands Customer Offering in the Green Bay & Appleton, WI Market

Lubetech2Lube-Tech & Partners announced a merger between Lube-Tech Auto Parts, LLC (a division of Lube-Tech & Partners, LLC) and Mighty Auto Parts franchise of Greenville, WI. Under the terms of the agreement, Lube-Tech & Partners now has an exclusive license to distribute Mighty automotive products throughout all of Wisconsin and most of Iowa and Minnesota.

Founded in 1963, Mighty Distributing System of America is a Norcross, Georgia-based franchisor with 109 distributors in 44 states and four international markets. Mighty is a premier supplier of high quality aftermarket products and inventory control services exclusively to automotive professionals. The Mighty partnership provides Lube-Tech with additional products and services to deepen relationships with new car dealers and automotive service centers. Lube-Tech automotive customers in the northeastern WI market will now have access to Mighty’s signature inventory management services and full range of preventive maintenance products including filtration, wipers, lighting products, batteries, brakes, belts, shop supplies and chemicals.

Mighty Merger Signing

(Left: Dave Berlick – Mighty Auto Parts Greenville, WI franchise owner; Right: Andrew Haag – Lube-Tech Automotive Market Manager)

“The Mighty partnership expands the offering of products and services we bring to our customers in the Wisconsin Fox Valley marketplace,” says Dave Stascavage, Lube-Tech & Partners President. “Mighty allows us to increase customer value by helping customers become more profitable and proficient as providers of automotive maintenance services. In addition to helping customers realize cost savings through improved inventory management, we are also able to offer high-quality preventive maintenance products.”

“The synergies between Mighty and Lube-Tech & Partners provide us with a complete product offering to better service the automotive aftermarket”, says Dave Berlick, owner of the Mighty Auto Parts Greenville franchise. “We look forward to the opportunity to better serve our customer base.”

Andrew Haag, Automotive Market Manager for Lube-Tech & Partners states, “We are very excited to bring on the talent of the entire Mighty Auto Parts team in Greenville. Their knowledge and expertise will be a great asset to our automotive customers in the Green Bay and Appleton area, as well as the rest of our sales team.”

Lube-Tech remains committed to delivering “peace of mind” to its customers by providing solutions that help them improve performance and their bottom-line through consultative support and one-stop shopping for lubricants, chemicals, energy solutions, recycling, fluid handling equipment and automotive aftermarket products and inventory control services.

About Lube-Tech & Partners, LLC
Lube-Tech & Partners was formed in June 2016 by the founding companies of Boyer Petroleum (Des Moines, IA), Lubrication Technologies (St. Paul, MN), and Moore Oil (Milwaukee, WI). The merged organization has built upon the founders’ long history of an employee-centric, customer-focused approach to business. As the Midwest’s go-to resource for advanced lubrication and energy solutions, Lube-Tech’s mission is to help customers accelerate their performance – from their engines and equipment to their bottom line – while continuously improving employees’ lives and investing in the community. Based in St. Paul, MN, Lube-Tech & Partners has operations in Iowa, Minnesota, and Wisconsin and serves commercial, automotive and industrial customers. The company produces and distributes millions of gallons of lubricants and chemicals and employs over 200 people. For more information, visit www.lubetech.com.

About Mighty Distributing System
Mighty Distributing System, a franchisor of sales and services in aftermarket auto parts, is headquartered in Norcross, Georgia and supports 109 distributors in 44 states and four international markets. The Mighty System features attentive local service, inventory management expertise, classroom and on-site training in conjunction with extensive offerings of OE quality underhood and undercar parts, chemical products, lubricants and shop supplies. The Mighty business model attracts independent repair shops, quick lubes, tire centers and new car dealerships across the nation and abroad. Recognized as a “top 25 franchise brand” by The Wall Street Journal, Mighty’s unique approach of dealing directly and exclusively with automotive professionals began in 1963.

The FTC Issues Advance Notice of Proposed Rulemaking; Request for Public Comment on Recycled Oil Rule

 The Federal Trade Commission (FTC) requests public comment on the overall costs, benefits, and regulatory and economic impact of its rule specifying Test Procedures and Labeling Standards for Recycled Oil.

The Recycled Oil Rule contains testing and labeling requirements for recycled engine oil. The of the rule is to encourage used oil recycling, promote recycled oil use, reduce new oil consumption, and reduce environmental hazards and wasteful practices associated with used oil disposal.

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News On the Wire

Coolants Plus Acquires Scot Lubricants

STARFIRE Parent Coolants Plus Acquires Pennsylvania Blending and Packaging Facility 

STARFIRE logoCoolants Plus, the parent of STARFIRE branded products and one of the fastest growing oil companies in North America, announced the purchase of Scot Lubricants, Inc, a blending and packaging facility in eastern Pennsylvania. The new Coolants Plus facility, to be named PennStar, houses 250,000 square feet of production space, 750,000 gallons of tank storage and a state-of-the-art testing lab, giving Coolants Plus and the STARFIRE brand more control over manufacturing, quality assurance and greater flexibility in production and packaging.

This acquisition not only establishes STARFIRE as a major player in the lubricants sector, but also adds capacity to blend and package more of its STARFIRE branded lubricants. The Ohio-based company has launched several new products in the past 12 months and expects to continue its growth and product line expansion in 2018.

“This is a major step in our mission to make STARFIRE the preferred choice of consumers globally,” said Coolants Plus President and CEO Kurt Deimer. “This facility ensures we’ll continue to deliver on our promise of the highest quality products at a competitive price.”

Located in Northampton, Pennsylvania, the plant expands on Coolants Plus’ nationwide distribution channel and will provide additional access and support to their distributors and customers. A fleet of PennStar trucks will also ensure that customer’s delivery expectations are met.

“It’s an exciting time for Coolants Plus,” said Darrin Ward, COO. “This is a continuation of the growth we’ve already accomplished with the STARFIRE brand and underscores our commitment to our STARFIRE distribution network.”

For more information, see STARFIRE1.com.

Parman Acquires Star Petroleum

parmanenergyParman Energy Corporation, “Parman”, announced its acquisition of Star Petroleum in Blytheville and Jonesboro, AR. Star Petroleum is a petroleum distribution company that serves Arkansas, Missouri, and West Tennessee. The company has been proudly owned and managed by Jim Sims for over 20 years.

Star Petroleum specializes in oils and greases, motor fuels, diesel exhaust fluid and coolants. With Citgo as their leading lubricants brand, the company is best known for their service to the vast agricultural and industrial areas in Arkansas. “We are pleased to be joining forces with the Parman team” says Star Petroleum owner, Jim Sims. “Their staff understands and reflects our mission to deliver industry leading customer service and quality products.”

Mark Spaniol, Parman’s Sr. VP of Sales, says “Star Petroleum has a great reputation for service and customer loyalty. We’re excited about the opportunities this union will bring and are proud to have Star become a part of the Parman Energy family.” This partnership will bring new products to Star Petroleum’s customers, and will also bring some of Citgo’s most esteemed brands to the Parman family, such as Mystik and Clarion.

“We are excited to be increasing our service footprint into Eastern Arkansas” says Steve Moore, Parman’s President & CEO, “and look forward to expanding Star’s resources and technical expertise with a focus on Totally Outrageous Customer Service.”

About Parman Energy Corporation
Parman Energy Corporation is an employee owned company that delivers quality lubricant products, diesel exhaust fluid, motor fuels, petroleum equipment, metalworking fluids, coolants, and related products and services. Since the mid-1930’s, the Parman name has been a name synonymous with petroleum products in Tennessee and has since continued to expand their diverse petroleum product offerings throughout the Southeastern U.S. For additional information, please visit the company website at www.parmanenergy.com.

Pugh-Apollo Acquires Veteran’s Oil

Pugh Apollo logoPugh Lubricants and Apollo Oil (“Pugh-Apollo”) announced the acquisition of Veteran’s Oil, headquartered in Birmingham, AL. Veteran’s Oil is a leading regional distributor of fuels, lubricants, diesel exhaust fluid (DEF), and related products and services for the automotive, commercial, and industrial markets. Veteran’s Oil covers the Alabama and Georgia markets from distribution centers in Birmingham, Montgomery and Atlanta. This geography borders the existing company footprint that includes North Carolina, South Carolina, Virginia, Tennessee, Kentucky, Ohio, and West Virginia.

VeteransLogoPugh-Apollo President Mike Pugh said, “The addition of Veteran’s Oil is a great fit for our organization and will strengthen our ability to serve customers throughout the Southeast. We are excited to expand further into Alabama and Georgia with a great new partner who shares our commitment to delivering quality products and providing great service.” Jason Musgrove, General Manager, Veteran’s Oil said, “This is a great opportunity to bring Veteran’s top quality workforce and exceptional customer service into an organization with similar values.”

Key strategic benefits of the acquisition include:

  • Augmented product offerings and deeper market footprint. The larger distribution reach offers suppliers unmatched access to customers in the expanded operating region and provides a greater selection of products and services for customers.
  • Enhanced service for customers. The combination of the companies’ resources allows for accelerated investment in technology and personnel, reinforcing the company’s leading position in service to its customers.
  • Investment in employees. The larger and growing organization allows for enhanced training, technology, and career advancement opportunities for employees, making the firm a preferred employer in the markets served.
  • Plans to pursue further expansion. The company plans to pursue organic and inorganic growth opportunities while continually investing in its value proposition to customers and suppliers.

The transaction was effective as of September 26, 2017.

About Pugh Lubricants and Apollo Oil (“Pugh-Apollo”)
Pugh-Apollo is a distributor of nationally branded and private label finished lubricants, antifreeze, and other ancillary product lines throughout the Carolinas, Virginia, Tennessee, Kentucky, Ohio, West Virginia and portions of Georgia, Alabama, Illinois, Indiana, Mississippi, and Arkansas. For additional information, www.PughLubricants.com and www.ApolloOil.com.

About Veteran’s Oil
Veteran’s Oil is a distributor of nationally branded and private label fuels, finished lubricants, antifreeze, and other ancillary product lines throughout Alabama and Georgia. For additional information, please visit www.veteransoilinc.com.

PQIA Finds “Two More Bad Apples”

The Petroleum Quality Institute of America (PQIA) put two more products on its “DON’T BUY” list.

In the day following the PQIA Lubricant Quality Summit on September 14th, PQIA said it stopped by several convenience stores located within a few blocks of the hotel where the Summit reception was held. To its disappointment, PQIA reported that it found two products on the shelves that immediately raised concern due to labeling issues. The PQIA says that in addition to what’s on the labels being a concern, most concerning is what the found in the bottles when tested. CLICK FOR MORE

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