RelaDyne, LLC ("RelaDyne") continues its strategy of expanding its lubrication services and reliability solutions by acquiring James P. Hill Distributors ("Hill Oil") and its affiliate PetroClean Solutions ("PetroClean"), based in Farmerville, Louisiana. Hill Oil is the third lubricant distributor that RelaDyne has acquired since it began in November 2010.
"Hill Oil is a perfect fit for RelaDyne's growth strategy," states Jeff Hart, Executive Vice President of Business Development for RelaDyne. "We are very excited to have Hill Oil and PetroClean join the RelaDyne family. They are the dominant distribution and service company in their geography providing industry leading value to their customers and suppliers. This will be one of many acquisitions that expand RelaDyne's geographic footprint and expand the products and services that we have available to create more value to our customers."
Hill Oil serves Louisiana, Arkansas, Mississippi, and East Texas and is the region's leading distributor of lubricants, fuel, comprehensive fluid purification and flushing solutions. Add to the mix Hill's PetroClean division, which dramatically scales RelaDyne's Field Reliability Management business group with industrial-related services. The result is a synergistic market share expansion of RelaDyne's core product groups, including lubricants, fuel, and Diesel Exhaust Fluid.
Scott and Kerry Hill, owners of Hill Oil Company, and the entire staff including the sales and operations team will be staying with the company, utilizing Hill's existing 10 facilities to ensure continuity for all customers, employees and suppliers. "Our commitment to our customers begins with our employees," says Scott Hill, President. "By joining the RelaDyne team, our employees will be able to grow and benefit from RelaDyne's programs and experience allowing us to serve our customers with a larger selection of quality products and services that we could not have done alone."
"I am excited and proud to welcome the Hill Oil and PetroClean employees to RelaDyne," states Larry Stoddard, Chief Executive Officer for RelaDyne. "This acquisition creates a significant opportunity for us to expand our distribution presence in Arkansas, Louisiana, Mississippi and East Texas. Additionally, it creates opportunities to not only grow in those territories but also expand our network of goods and services offered by RelaDyne in all markets."
Hill Oil and PetroClean join RelaDyne just one year after RelaDyne's inception and three months after RelaDyne's first acquisition with Derrick Oil and Supply in Port Arthur, Texas.
RelaDyne, LLC, headquartered in Cincinnati, Ohio, is an industry leading lubricants and fuel distributor providing integrated equipment reliability management products and services for industrial, commercial, transportation and automotive businesses in the United States. Four industry leaders - Mid-Town Petroleum, Inc. (Bridgeview, IL), Oil Distributing Company (Cincinnati, OH), The Hurt Company, Inc. (Houston, TX) and Pumpelly Oil Company LLC (Sulphur, LA) - joined to form RelaDyne in Nov. 8, 2010. Its innovative Field Reliability Management (FRM) platform of services is designed to enhance the operations of companies involved in process manufacturing, utilities, food and beverage processing, mining equipment and commercial fleets. The company also benefits from the support of its business-building partner, AEA Investors LP, which manages funds worth approximately $5 billion of invested and committed capital. For more information, visit www.RelaDyne.com.