National Petroleum News (NPN) has been the independent voice of the petroleum industry since 1909 as the opposition to Rockefeller’s Standard Oil. So, motor fuels marketing and retail is not just a sideline for us, it’s our core competency.
Issue link: https://read.dmtmag.com/i/116555
TOP OF THE NEWS addressed and that our concerns and the concerns of our customers are at the forefront of any fuels-related policy discussions," he said. n CHS to acquire Phillips 66's wholesale propane marketing business CHS Inc. (St. Paul, Minn.), an energy, grains and foods company and the nation's leading farmer-owned cooperative is acquiring Phillips 66's wholesale propane marketing business, effective April 1. distribution assets held within PNEC Corporation which does business as SC Fuels, headquartered in Tacoma, WA. This acquisition also includes PNEC distribution facilities in Bremerton and Everett, WA. The transaction is scheduled to close on February 15, 2013. Terms were not disclosed. One of the largest privately held services companies in Washington State, Pettit Oil Company operates distribution facilities in Everett, Lakewood, Hoquiam, Forks, Port Angeles, Port Townsend, and Bremerton, Washington. The company supplies fuels and lubricants to a variety of customers within the marine, commercial, industrial, automotive, retail, and heating oil categories. The company recently sold its branded fuels business (supplying 104 sites) in the Pacific Northwest to Meridian, Idahobased Jackson Oil Co. to concentrate more on its commercial and heating oil operations. "This strategic acquisition will increase our customer base and expand the CHS propane service area in the Northeast, Southeast and Central states," said John Duchscherer, director of propane sales and marketing for CHS, one of the nation's largest propane wholesalers. "We are also gaining additional resources to help us continue providing a safe, reliable supply of propane to our customers." The transaction consists of customer business only and does not include physical assets; additional details were not disclosed. CHS will serve its new customers from its existing, extensive supply infrastructure, which is fed by all major pipelines in the United States. The company's ongoing investment in a robust supply network reflects CHS commitment to serving customer needs and adding value for its member owners, as well as its aspiration to become the leading domestic supplier of propane, Duchscherer added. KSS Fuels has announced that Aaron McHugh has joined the management team as vice president of sales for North America. He will lead the North American sales team and be responsible for growing business in the Pricing and Location Intelligence areas as well as contributing to product direction and strategic partnerships. McHugh joined Skyline Products in January 2005 with responsibility for bringing to market the PriceAdvantage fuel pricing application. His early pioneering work involved shaping product functionality to retailer needs, developing partner relationships and driving sales in North America. In January 2009 he became General Manager, with responsibility for product development, marketing, strategic partnerships and sales. n Pettit Oil Company n Gulf Oil partnership with Pettit Oil Company (Lakewood, Wash.) has announced it is acquiring the heating oil and commercial fuel and lubricants Gulf Oil (Framingham, Mass.) has announced a new branded partnership with Jefferson City Oil Co., Inc., a distrib- announces significant strategic acquisition and expansion March 2013 n Aaron McHugh joins KSS Fuels management team Jefferson City Oil brings the brand back to "The Show Me State" utor of petroleum products throughout Missouri for over 85 years. The ten-year agreement returns the iconic motor fuel brand to communities in "The Show Me State" for the first time in two decades. Jefferson City Oil Co., Inc., a family owned and operated company, has already begun converting gasoline stations in its service area to the Gulf brand, beginning with seven Bee Line Snack Shop locations. Two additional sites will also be announced and converted in the near future, with many more to come in the years ahead. Gulf Oil pioneered the concept of branded product sales in the early 20th century by selling gasoline in containers and from pumps marked with the distinctive orange disc Gulf logo. Customers during this period sought out Gulf branded stations because they were assured of the quality and consistency of its gasoline. Quality and consistency remain the hallmarks of the company. n NRC Realty & Capital Advisors announces Tri Star Energy divestiture NRC Realty & Capital Advisors, LLC (Chicago) has announced that it has been engaged by Tri Star Energy, LLC ("Tri Star") of Nashville, Tennessee to conduct the strategic divestiture of 22 convenience stores and retail gasoline outlets and three parcels of undeveloped land in Tennessee. The convenience stores to be sold include a diverse mix of company-operated and consignment sites. The locations and business interests will be sold through NRC's sealed bid sale process in a "buy one, some or all" format. Site-specific information, as well as general sale information and sale terms and conditions, are available at www.NRC.com/1303 or by calling NRC Customer Service at 800.747.3342, extension 1303. Bids will be due on April 9, 2013. Founded in 2000 and headquartered in Nashville, Tri Star distributes petroleum products in middle Tennessee and operates retail gasoline outlets and convenience stores in Tennessee and Kentucky. The sites being divested are scattered throughout the company's NPN Magazine n www.npnweb.com