Dallas-based private equity firm Trive Capital announced Feb. 26 that it has acquired a pair of fuels, oils and lubricants distributors in Texas and Oklahoma.

Trive has invested in Rolfson Oil — branded as a distributor to the energy sector, based in Addison-TX. Rolfson’s operations are in critical shale basins including the Permian, Bakken, MidCon, Powder River and Haynesville. The company also provides onsite fuel management, storage and fuel pumping services. It was founded by Bill Unser and Royce Rolfson in 1985 and later purchased by Tyton Holdings in 2011.

Subsequent to Trive’s investment, Rolfson acquired Flint Logistics Group — a like distributor based in Oklahoma City that operates operates in Oklahoma, Texas and New Mexico. The acquisition adds further scale to Rolfson and enhances operational efficiency.

Trive has more than $8 billion of regulatory assets under management.

At the end of 2023, Trive formed Venturi Supply as a platform of industrial PVF products distributors, which has since expanded via acquisition.