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JobbersWorld Reaches Out to Over 10,000 Professionals in the Lubricants Business
Click here to learn More or call 732-910-0017
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JOBBERSWORLD...MARKET INTELLIGENCE FOR INTELLIGENT MARKETERS...
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Ridgemont Equity Partners Acquires J.A.M. Distributing Company
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Ridgemont Equit y Partners, a middle market buyout and growth equity investor, today announced the closing of a majority equity investment in J.A.M. Distributing Company, a leading distributor of lubricants, fuel, base stock and ancillary products. The financial terms of the transaction were not disclosed.
J.A.M. is headquartered at its main terminal in Houston, Texas, with additional terminal operations in Dallas, Beaumont, Lufkin, Clute and Galveston. For over forty years, the Company has been a leading lubricant distributor of ExxonMobil products and today serves the industrial, commercial vehicle,  passenger vehicle and marine end markets.
 | | Jack Purcell, Principal at Ridgemont |
"We are pleased to partner with senior management of J.A.M. and continue upon the Company's long history of providing industry leading products and services to its customers in several markets throughout the state of Texas," said Rob Edwards, a Partner at Ridgemont. "We recognize the tremendous accomplishments of the Company's founder and retiring CEO, Johnny Maniscalco, in building J.A.M. into the organization that it is today, and we wish Johnny our best going forward," added Jack Purcell, a Principal at Ridgemont.
"Our first introduction to Ridgemont displayed their professionalism and knowledge of investing in diverse industries. They definitely had a very strong interest in J.A.M. Distributing and the desire to make a substantial investment in my company. I believe that Ridgemont Equity Partners will be a very good fit for J.A.M. because of their commitment to our employees, customers and the continued growth of our business. I wish the new partnership a long and very prosperous future," said Johnny Maniscalco.
Ridgemont says it has been evaluating the lubricant distribution space for nearly five years and during that time they developed a deep understanding of the business dynamics and investment opportunities. With that as a backdrop, Purcell tells JobbersWorld "J.A.M Distributing stood out as a true success story in the lubricant distribution business and offered Ridgemont an excellent opportunity to enter and grow in the space." To this, Purcell adds, "We view the organic growth potential of J.A.M. as a standalone investment to be highly attractive in the markets in which J.A.M. currently operates."
About J.A.M. Distributing Company
J.A.M. Distributing Company ("J.A.M." or "the Company") is a distributor of lubricants, fuel, base stock, and ancillary products for the industrial, commercial vehicle, passenger vehicle, and marine end markets. The Company is headquartered at its main terminal in Houston, Texas, with additional terminal operations in Dallas, Beaumont, Lufkin, Clute and Galveston. In December 2012, J.A.M. was acquired by Ridgemont Equity Partners, a Charlotte-based investor. The Company continues to operate as one of ExxonMobil's leading U.S. lubricant distributors. www.jamdistributing.com.
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $3 billion in more than 110 companies. The firm focuses on investments of $25 million to $75 million in industries in which it has deep expertise, including basic industries and services, energy, healthcare, and telecommunications/media/technology.
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PQIA Issues a CONSUMER ALERT on "SUPER STAR AUTOMATIC TRANSMISSION FLUID"
|  The Petroleum Quality Institute of America recently tested a brand of automatic transmission fluid (ATF) on the shelves in Michigan that it says will likely cause damage to automotive transmissions. The brand is "Super Star ATF." PQIA says the viscosity of the product tested is more than 20% below where expected, it contains water, and has unusually high levels of silicon, potassium, sodium, aluminum, and iron, indicating that this product may contain used oil and/or antifreeze.
Although the sample of Super Star ATF tested was purchased in Allen Park, MI, PQIA says this brand was observed at other locations in the state.
CLICK HERE FOR MORE
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CLASSIFIEDS
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 Ergon Refining, Inc. in Vicksburg, Mississippi, one of the largest producers of naphthenic process oil in the world, has an immediate opening for a Product Services Manager. This position serves as the liaison between the manufacturing function and sales force of the company and is accountable for product integrity and traceability. The position is involved in developing new products and assisting with their implementation into the marketplace. Personal contact with customers is a principal function of this position, requiring occasional overnight travel. Will also supervise and direct activities of four subordinates. Candidates should be familiar with statistical process control theory and quality measurement systems. A degree in chemistry or a related field and either previous experience in the petroleum industry or in a lab setting is required. Prior product exposure to base oils or lubes is preferred.
Offers of employment are contingent upon a routine background check, passing a drug test, and an acceptable driving record.
Qualified applicants should submit a cover letter, resume, and salary requirements to [email protected]. Only applicants who submit salary requirements will receive the courtesy of a reply.
Ergon Refining, Inc. is an EEO/AAP employer.
Territory Sales Manager
Hampel Oil, a leading regional distributor of petroleum products throughout the Midwest, is currently seeking a Territory Sales Manager for its Dallas-Ft. Worth operation.
- Strong work ethic, dynamic and results oriented
- Excellent communication and people skills
- Self motivated and able to work with limited supervision
- Minimum of two years sales experience required
Candidates can send resumes to [email protected].
 Pinnacle Resources, Inc., a privately held lubricants manufacturer with over 30 years in the industry is seeking a regional sales manager. Primary job functions include the marketing of bulk finished lubricants and chemicals across US and surrounding countries. Work from home office is allowed and travel time is based on performance. Strong industry background is required. Responsibilities include:- Establishing and managing accounts.
- Development of sales and profitable growth for both commercial and industrial lubricants.
- Being well organized and representing the company in a professional manner while maintaining an excellent level of customer service.
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Written and published by experts, Jobbers World is brought to you by
Petroleum Trends International, Inc.
Copyright �
2012 Petroleum Trends International, Inc.
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WHAT'S ON YOUR MIND?
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Your needs, your concerns, your outlook. No bias, no fluff and no punches pulled. Whether it's buy backs or brand battles, allocation of co-op ads, operating costs or turf wars, JobbersWorld keeps you on top of the issues that matter to YOU: The Lubricant Marketers!
Let us know what's on your mind. We welcome your comments, concerns, and/or questions.
Contact JobbersWorld either by email at: [email protected]
or by phone at 732-494-0405 and let us know, WHAT'S ON YOUR MIND? All contacts are treated confidentially unless those contacting us choose otherwise.
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