Empire Petroleum Acquires Georgia Oil

Deal marks second acquisition since January for Empire.

Empire Petroleum Partners LLC (Empire) has successfully acquired 59 dealer supply agreements and certain real estate and leasehold assets from Georgia Oil Holdings.

The acquisition further solidifies Empire’s presence in the Southeastern United States and in the Atlanta market in particular. Additionally, the transaction expands Empire’s existing business relationship with BP.

“The Georgia Oil assets, which were formerly owned by BP, are well situated in the Atlanta marketplace to allow Empire to continue to grow our market presence in the Southeast,” commented Mike Diebus, chief operating officer of Empire. Empire is focused on growing same store volumes at the Georgia Oil locations, and believes that these assets provide an opportunity for Empire’s customers to compete in the market.

Empire continues to execute on its acquisition strategy as this is the second acquisition completed in 2014. The company most recently acquired 83 distribution contracts from King Fuels Inc. in January. Empire continues to work on additional acquisition opportunities in its pipeline, and looks forward to closing its next acquisition in Q2 2014.

Empire Petroleum is a leading motor fuels distributor of top brands including Shell, Chevron, Valero, Sunoco, BP, Exxon, Citgo, Mobil, Marathon, Texaco, Gulf, and ConocoPhillips. Headquartered in Dallas, Texas, Empire currently distributes motor fuel products to gas stations in 18 Mid-Atlantic, Southeastern, Midwestern and Southwestern states.

 

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