RelaDyne Rings in the New Year with Multiple Acquisitions
Cincinnati, OH (PRWEB) January 29, 2015 -- RelaDyne, one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services announced today that it has acquired Fentress Oil Company (“Fentress”). Fentress, founded in 1930, has been an independent distributor of lubricants, fuel and related products and services in Oklahoma for over three generations. This acquisition further establishes RelaDyne’s commitment to growth in the lubrication and fuel markets with a strong focus on expanding its industrial services and solutions.
From its inception, Fentress has been known as the most customer-focused lubricant and fuel distribution business in Oklahoma with a strong reputation for service. Former owners, Si Fentress and Randy Perry, managed the business for industrial, commercial and automotive customers in Oklahoma. Fentress has three strategically located facilities in Oklahoma City, Tulsa and Ada, Oklahoma, ideal for servicing the Oklahoma market. The acquisition of Fentress is contiguous with RelaDyne’s Gulf Coast region, which includes Texas, Louisiana and Arkansas.
Si Fentress, Randy Perry, and the entire sales and operations team will be staying with the company to ensure continuity for customers, employees and suppliers. Fentress will operate as a new hub for RelaDyne with former owner, Randy Perry, as the branch manager going forward. According to Randy, “RelaDyne is a great fit for the Fentress business. The combination of these two market leaders will benefit our employees, customers, and suppliers as well as the great state of Oklahoma. We are excited to be part of the RelaDyne family and look forward to scaling the business in Oklahoma.”
“I welcome the customers and associates of Fentress Oil Company to the RelaDyne family and look forward to the opportunities this great event affords them!” says Larry Stoddard, Chief Executive Officer for RelaDyne.
Jeff Hart, Executive Vice President of Business Development for RelaDyne, commented on the acquisition, "The acquisition of Fentress represents an ideal acquisition candidate for RelaDyne in that it possesses quality people, an outstanding reputation, and is strategically located in a market that is new territory for us. RelaDyne brings the necessary components to fuel significant growth for Fentress in Oklahoma. These components include capital, technology, resources, scale, and enhanced customer offerings. We are excited to see what the team in Oklahoma can do with more ammunition at their disposal. This deal represents the 13th acquisition since RelaDyne’s inception in 2010, and we anticipate a significant increase in our pace and efforts as we create a national platform in this industry.”
In addition to the Fentress acquisition, RelaDyne also acquired the business of Greg Wright Supply in northern Indiana in order to expand its products and services reach. This acquisition closes the geography gap between the Chicago/northwest Indiana and Indianapolis markets. RelaDyne welcomes the Greg Wright team to the RelaDyne family.
About RelaDyne
RelaDyne, headquartered in Cincinnati, Ohio, is an industry leading lubricant, fuel, and DEF distributor providing customers with integrated reliability management services for industrial and commercial businesses in the United States. 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). RelaDyne’s distribution platform spans 26 locations serving states in the Central US. In May 2014, RelaDyne’s industrial services business expanded with the acquisition of Turbo Filtration Corporation (TFC), enhancing their offering to key industrial customers throughout the US. 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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