Houston-based lubricants, fuels and industrial reliability services distributor RelaDyne announced June 25 that it has acquired Chart Distribution Group — a St. Louis, MO-based regional distributor.
Chart Distribution Group serves customers across the eastern half of Missouri and central Illinois with lubricants, detailing products and ancillary automotive solutions for automotive, commercial and related markets.
Founded in 1974, Chart has built a regional customer base across multiple generations, RelaDyne said in a news release. Terms of the transaction were not disclosed.
“Chart Distribution Group is excited to join the RelaDyne team,” Chart President Frank Palazzo said in a news release. “RelaDyne is a perfect fit for our employees, customers and the markets we serve. By joining RelaDyne, we will be able to build on the customer relationships we’ve established while gaining access to expanded resources, product offerings and support.”
RelaDyne CEO Eric Royse said Chart brings regional expertise and customer relationships across the Midwest market.
“As we bring our teams together, we look forward to expanding the resources, capabilities and support available to Chart’s customers while continuing to build on the service they have come to expect,” Royse added.
RelaDyne says it is the nation’s largest lubricant distributor and a market leader in fuel, diesel exhaust fluid and industrial reliability services. Founded in 2010 through the merger of four companies, RelaDyne has grown to more than 190 locations through acquisitions.
The deal follows RelaDyne’s relocation of its corporate headquarters from Cincinnati to Houston, effective Jan. 1 of this year. The company said at the time that the move would bring leadership closer to its largest employee population, key supply partners and nationwide distribution operations.
Related Posts
-
Hills Distribution now includes Plimpton & Hills, Coastal Supply Group, RJ Murray Company and Bender…
-
The deal adds Midwest battery expertise and commercial fleet coverage to DDG’s platform.
-
Eastern Valve supplies and services valves, instrumentation, actuation and ancillary product solutions throughout Atlantic Canada.