Wednesday, September 28, 2016
Empire Petroleum Acquires Sunshine Fuel’s Distribution Rights
Source: Convenience Store DecisionsBy CSD Staff
Empire Petroleum enters into new markets through its acquisition of Sunshine Fuel’s distribution rights.
empire-logoEmpire Petroleum Partners LLC has successfully acquired the Missouri, Oklahoma and a portion of the Kansas wholesale distribution rights of Florida-based Sunshine Fuel LLC. Sunshine is a distributor of branded fuels to gas stations in the Kansas City market as well as certain Missouri and Oklahoma locations.
The sale was coordinated by NRC Realty & Capital Advisors LLC of Chicago.
The addition of these Sunshine accounts provides Empire with an entry into new markets as well as adding to Empire’s existing footprint in Oklahoma and further increases Empire’s existing supplier partnerships with Shell and Phillips 66.
“Empire is excited to add such a high volume dealer base to its existing distributor network with the acquisition of Sunshine. We are pleased to add both the quality of dealers associated with Sunshine to our network in addition to opening up new markets such as Kansas City. This portfolio of dealers continues Empire’s strategy of strengthening our presence in key markets, such as Oklahoma as well opening up new market opportunities in Kansas and Missouri,” said Empire’s vice president of mergers and acquisitions, Michael O’Brien. “Sunshine’s dealer operation was a great opportunity to expand our footprint and we welcome this high volume dealer portfolio into the Empire network.”
To see a list of convenience stores for sale and gas stations for sale, click here.