Offen Petroleum, an independent fuel distributor, is acquiring the business assets of Petromark. Petromark is a motor fuel distributor, and Petromark Transportation, its affiliate trucking company. The transaction is expected to be completed on 18 May with combined operations under the Offen Petroleum name starting on 19 May.
Offen Petroleum is a provider of motor fuel, propane, lubricants, and petroleum logistics services in 23 states in the Midwest and Western US. The business combination expands Offen’s footprint deeply into Arkansas, Missouri, and Oklahoma.
Petromark is owned by Stephen Lair and Steve Turner and is a wholesaler of motor fuels in Arkansas, Missouri, and Oklahoma. The company is known for selling branded motor fuels under the Shell, Phillips 66, Valero, Sinclair, Conoco and VP Racing banners while also selling unbranded motor fuel to retailers. Steve Turner will be an advisor to Offen Petroleum and will assist with the continued growth of the business.
Stephen and Bill have enjoyed the experience of operating in both the retail and wholesale fuel businesses through the years and we are pleased that a company, such as Offen, with the same dedication to operational excellence will continue to serve our valued customers.