Offen Petroleum Acquires Wholesale Unit of G&S Oil Products - Modern Distribution Management

Log In

Offen Petroleum Acquires Wholesale Unit of G&S Oil Products

Offen said the acquisition further strengthens its ability to distribute major oil company-branded motor fuel to independent retailers.
Gas Depot is a full-service wholesale distributor of motor fuels throughout the Midwest, including Illinois, Wisconsin, Indiana and Missouri.
Author
Date

Offen Petroleum (Commerce City, Colorado) announced Aug. 23 that it has completed the acquisition of the wholesale division of G&S Oil Products (Centennial, Colorado), a full-service wholesale and retail marketer of branded motor fuels under the Conoco, Phillips 66, Sinclair and Shell brands, as well as a supplier of unbranded fuels, with a footprint covering the greater Front Range of Colorado.

Offen is an independent distributor of motor fuels, propane and lubricants, and also provides petroleum logistics services in 40 U.S. states. Offen said the acquisition further strengthens its ability to distribute major oil company-branded motor fuel to independent retailers.

G&S has been owned and operated by the Sussman family for over 50 years. Offen notes that, in addition to providing wholesale motor fuel services to third-party retailers, G&S has developed a “reputation of operational excellence” in their own network of gas stations and convenience stores. After the transaction, G&S will continue to operate their portfolio of convenience stores and automotive service centers.

“We’ve had a long relationship with Bill Gallagher, and we knew that if we were going to sell our wholesale business, Offen would be the best partner for not only our wholesale customers, but also for our company-operated stores, who will be a fuel customer of Offen’s,” stated Meyer Sussman, founder and president of G&S. “The Offen team has a reputation of providing the highest level of customer care and they have a full breadth of resources that will benefit our customers.”

This acquisition will add 40 new customers that operate gas stations under the Conoco, Phillips, and Sinclair brands along with five un-branded motor fuel customers. The addition of G&S’s customers deepens Offen’s operations in Colorado.

“Meyer and Jeff Sussman and their team of dedicated, long-term employees, are long-standing, highly respected operators in the motor fuel/convenience retail industry, and I am very honored that the Sussman’s are entrusting Offen to carry on their legacy of providing superior service to their customers,” said Bill Gallagher, Offen CEO. “This is a very special opportunity for us to be able to acquire such a high-quality portfolio of customers.”

Offen distributes over 2.2 billion gallons of motor fuel annually and will serve customers throughout 40 United States. In addition to branded and unbranded motor fuels, Offen sells propane, and lubricant products and solutions for the commercial, industrial, and passenger car segments, as well as diesel exhaust fluids used in emission controls. Offen is a portfolio company of Court Square Capital Partners, a New York-based private equity firm with $7 billion of assets under management.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.