The JF Petroleum Group announced that it has acquired Rittiner Equipment Company, Inc. Headquartered in New Orleans, LA. Rittiner Equipment is a full-service provider of petroleum equipment distribution, maintenance and construction services to customers across the Gulf Coast Region. This acquisition strengthens the leadership position in the petroleum equipment industry and the ability to serve customers’ fueling equipment needs across an expanding footprint in key US markets.
Keith Shadrick, CEO of the JF Petroleum Group, stated that this acquisition represents another milestone for the Company. They can provide customers a contiguous service zone across an even broader geography. The Gulf-Coast markets have a high tendency for growth and require infrastructure development to support that growth and expansion. The combined resources of the JF Petroleum Group and Rittiner Equipment can better support the ever-increasing demand for equipment, service, and construction in the Gulf-Coast Region.
Barrett Gilmer, Managing Director of MidOcean Partners, said that acquiring Rittiner Equipment shows their commitment to building the North American petroleum equipment industry’s leading solution provider in the Petroleum Group. They are focused on continuing to invest in the growth both organically and through the acquisition of the Group’s footprint, as well as the expansion of its service capabilities and product offerings.