Colorado Based Offen Petroleum acquires the business assets of Petromark, a motor fuel distributor, and Petromark Transportation, its affiliate trucking company, both headquartered in Harrison AR. Offen Petroleum is a provider of motor fuel, propane, lubricants, and petroleum logistics services in 23 states in the Midwest and Western U.S.
The business combination expands Offen’s footprint more deeply into Arkansas, Missouri and Oklahoma.Petromark is owned jointly by Stephen Lair and Steve Turner and is a wholesaler of motor fuels in Arkansas, Missouri and Oklahoma. The company sells branded motor fuels under the Shell, Phillips 66, Valero, Sinclair, Conoco and VP Racing banners, while also selling unbranded motor fuel to retailers.
The company said that Steve Turner will serve as an advisor to Colorado Based Offen Petroleum and assist with the continued growth of the business.Bill Gallagher, CEO of Offen Petroleum said that he is very pleased that we can add such a successful business to further the growth of Offen Petroleum. Petromark is a perfect fit for the Ozark Mountain Energy business, which we acquired in December of last year.
The transaction is expected to be completed on May 18, Colorado Based Offen Petroleum said, with combined operations under the Offen Petroleum name starting on May 19. Turner said that Stephen and He had enjoyed the experience of operating in both the retail and wholesale fuel businesses through the years. They are pleased that a company with the same dedication to operational excellence, will continue to serve the customers. Turner looks forward to working with Bill and his team as we jointly grow this business.