As reported in the May 14th issue of JobbersWorld, Maxum Petroleum - Great Lakes (comprised of Hartney Fuel Oil and Paulson Oil Co.) announced that on or about May 15, 2013, its transport and railroad fuel business will become part of Mansfield Oil Company and its lubricants and tank wagon fuels business will become part of RelaDyne.
Well the deal is done and the details are in.
The Great Lakes division of Maxum Petroleum
("Maxum") (comprised of Hartney Fuel Oil Company and Paulson Oil Company) officially announced today that its transport and railroad fuel businesses have been acquired by Mansfield Oil Company ("Mansfield") and its
lubricants and tank wagon fuel businesses have been acquired by RelaDyne
Mansfield provides comprehensive fuel service supply, distribution, delivery and dispensing solutions through an integrated network of refiners, terminals, carriers and retailers throughout the continental United States and Canada. RelaDyne is one of the largest providers of lubrication products, fuel and services focused on integrated equipment reliability for industrial, commercial and automotive business in the United States.
"We are excited to join the extensive and successful networks of Mansfield and RelaDyne," said Paul McCusker, Vice President and General Manager of Maxum Petroleum - Great Lakes. "These acquisitions will help us to grow in our product offerings and levels of service to better serve our customers."
The lubricants and tank wagon fuel businesses from Maxum will expand RelaDyne's current product offering in its existing Great Lakes region to include fuel and a completely new line of products and services to offer its customer base. Among these synergies and growth opportunities, the Maxum acquisition provides RelaDyne with an opportunity to expand its Field Reliability Management (FRM) services in the commercial and industrial markets of the Great Lakes and Midwest regions.
"The location of Maxum's Paulson Oil Company in Chesterton, Indiana, gives us a natural expansion to offer new products and services to the Chicago marketplace," stated Larry Stoddard, CEO of RelaDyne. "All of Paulson's employees will continue to provide the highest level of customer service, sales support and reliable supply that the customers have come to expect. We couldn't be more pleased to add Maxum/Paulson to the RelaDyne family of businesses."
Maxum's transport and railroad fuel businesses equally fit into Mansfield's current fuel supply chain. "Our Great Lakes operation has been growing rapidly for the past five years and this was a great opportunity to accelerate that growth while adding local transportation and fuel blending assets that will expand our service capabilities," said Jim Stout, Great Lakes Region General Manager. "We are also excited about partnering with RelaDyne and Paul's team in Chesterton to grow the local fueling services operation by providing supply and delivery solutions to our national accounts. We believe this is a model that we can replicate in many markets nationally," said Doug Haugh, President of Mansfield Oil Company.
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 on 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.
About Mansfield Oil Company
Ranked as one of the Top 100 privately held companies in America by Forbes magazine, Mansfield defines the next generation transportation fuels company. Founded in 1957, the company has achieved double-digit growth for three decades by focusing on optimizing and controlling fuel-related costs for its customers using innovation, technology, and high touch service. Mansfield's corporate headquarters is located in Gainesville, GA, with regional operations centers located in Chicago, Detroit, Denver, Los Angeles, Houston, and Calgary, and with renewable energy operations in Bloomington, MN; Irvine, CA; and Sioux City, IA. For more information, visit www.mansfieldoil.com.
About Maxum Petroleum
Maxum Petroleum, Inc., based in Greenwich, CT, is a leading independent energy logistics company that markets and distributes a comprehensive offering of refined petroleum products and services to commercial and industrial customers in the United States and Panama. For more information, please visit www.maxumpetroleum.com.