Flyers Energy has made a number of acquisitions in the past two years, and the company has plans for furthering its expansion efforts.
Flyers Energy LLC has finalized its acquisition of Hesperia, Calif.-based RE Goodspeed & Sons Distributing, a Chevron lubricants distributor.
Goodspeed comprises cardlocks, bulk fuel, bulk lubricant services and transportation. Both Flyers and Goodspeed are family-owned.
Following in his father’s footsteps of wholesale fuel distribution, Raymond Goodspeed founded his own company in 1980 in Hesperia, Calif. as a Chevron distributor. Four of Goodspeed’s children and one grandson eventually went on to run and work in the business. “We found Flyers Energy to be the best company to continue the service, customer care and superior products the Goodspeed companies have been providing the past 36 years,” they said in a joint letter to customers announcing the sale.
Flyers currently distributes branded lubricants throughout California and across northern Nevada. The Goodspeed acquisition allows Flyers to expand their lubricants business into the high desert. This marks the fifth acquisition in about two years for Flyers.
“Our plan for the near future is to consolidate the acquisitions we’ve made over the last two years as we continue to look for specific opportunities in the West that build upon our existing footprint,” managing partner Walt Dwelle said of upcoming acquisition plans.