RelaDyne Acquires Lubricants Division of Hollingsworth Oil Company
Cincinnati, OH (PRWEB) June 14, 2016 -- RelaDyne is proud to announce the recent acquisition of the lubricants division of Hollingsworth Oil Company (“HOCL”), a distributor of premium lubricants in Tennessee and Alabama. With HOCL locations in Nashville and Birmingham, this acquisition significantly expands RelaDyne’s geographic density and capabilities within Tennessee and Alabama.
Hollingsworth Oil Company purchased its Lubricants Division in 2007. In the past decade, the company has grown to become one of the region’s top distributors of quality lubricants due to its exceptional associates, customers, and high value of service. Now, this top-tier company is joining the RelaDyne family.
As one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, RelaDyne will be better able to fulfill the needs of its existing Tennessee and Alabama customers as well as provide new products and services to an expanded five-state area with HOCL’s market reach.
“First and foremost, we welcome all the Hollingsworth customers and associates into the RelaDyne family,” says Larry Stoddard, RelaDyne President and CEO. “We feel with high confidence that the greater Nashville and Birmingham marketplace presents an abundant growth opportunity for RelaDyne’s wide breadth of products and services. We are excited and committed to that community through this, our second acquisition in Tennessee and Alabama.” In November 2015, RelaDyne acquired Mid-State Industrial Services of Nashville, thus securing its place in the Mid-South region.
“RelaDyne is such a great fit for our people and our customers,” states Ronnie Hollingsworth, owner and President of Hollingsworth Oil Company (the parent company of Hollingsworth Lubricants). “Because of RelaDyne, we’ll be able to provide our associates with expanded opportunities, and our customers with new products and services we could not previously provide with our resources.” Ronnie, a first-generation family owner, is honored to have the lubricants portion of his family legacy join the rest of the family-owned companies within RelaDyne.
RelaDyne continues to be the “Acquirer of Choice” in the lubricants, fuel and reliability segments. “The Lubricants Division of Hollingsworth Oil Company represents our fifth acquisition of 2016,” says Jeff Hart, who leads RelaDyne’s M&A activities. “We are continually looking to acquire leading businesses with great people and great customers; HOCL is a fine example of that in the lubricant distribution segment. Our M&A team at RelaDyne is focused on adding new geography, new capabilities and more density within our current footprint as we continue to create a national distribution platform.”
About RelaDyne
RelaDyne, headquartered in Cincinnati, Ohio, is an industry-leading lubricant, fuel, and diesel exhaust fluid (DEF) distributor providing customers with integrated reliability management services for industrial, commercial, and automotive markets. RelaDyne is also a cutting-edge Reliability Services Provider in the Industrial and Commercial markets through innovative and patent-pending purification processes. RelaDyne was formed in 2010 by the combination of four industry leaders – Mid-Town Petroleum, Inc. (Bridgeview, IL), Oil Distributing Company (Cincinnati, OH), The Hurt Company, Inc. (Houston, TX) and Pumpelly Oil Company (Sulphur, LA) and has since grown to span more than 40 locations serving customers in over 45 states and 22 nations. The company also benefits from the support of its business-building financial partner, AEA Investors LP, which manages funds worth approximately $6 billion of invested and committed capital. For more information, visit http://www.RelaDyne.com.
Ashley Rickman, RelaDyne, http://www.reladyne.com, +1 5134896000, [email protected]
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