Empire Petroleum Announces Acquisition of Wholesale Distribution Business of Willoughby, Inc.

Source Press Release
Company Empire Petroleum Partners, LLC 
Tags Asset Deals, Deals, Refining & Marketing Activities
Date June 21, 2018

Empire Petroleum Partners, LLC ("Empire") and Willoughby Inc. ("Willoughby") announced today that Empire has acquired the wholesale distribution business of Willoughby. The addition of the Willoughby wholesale dealer business significantly augments Empire's current footprint in Tennessee, Mississippi and Arkansas while also strengthening its relationships with its branded partners, including  Exxon, Marathon, Shell and Valero.

"We are pleased to welcome over 120 new dealer customers to Empire and to continue executing on our acquisitiongrowth strategy of branded motor fuel distributors across the United States", said Rocky Dewbre, Chief Executive Officer of Empire."

After 25 years as a petroleum distributor, I thought this was a great opportunity to sell our wholesale assets and to focus on the growth of our transportation and commercial business," said David Willoughby. "Like Willoughby, Empire is committed to delivering superior quality and service to support its dealers, and is committed to continuing to grow well into the future."

Source: EvaluateEnergy® ©2018 EvaluateEnergy Ltd