Atlas Oil Gains 80 Fuel Customers in Houston

Plans to grow commercial, retail portfolio acquired from Dennis Trigg

Published in CSP Daily News

TAYLOR, Mich. -- Atlas Oil Co. announced today the acquisition of the portfolio of business of Dennis Trigg, formerly with Kendrick Oil, in in the greater Houston area.

Through the acquisition of this family business, more than 80 fuel customers, including traditional delivered-in commercial and retail business as well as rack sales and contracted customers with a current consumption volume of 50 million gallons per year, will now be serviced by Atlas Oil.

Atlas plans to grow the portfolio significantly over the next one to two years, the company said.

Atlas Oil has been a leading fuel company in the Midwest since its founding in 1985, and it is now licensed to operate in 30 states with plans to increase that number to 50 by the end of 2014.

"As Atlas Oil continues to expand our reach and progress toward our ambitious growth goals, many relationship-driven acquisitions like this will follow," added Simon.

"Atlas Oil Company is driven by personalized client relationships, like the ones Dennis Trigg has built in Houston, so we take our commitment to ensuring a seamless transition for these clients very seriously," said Simon. "We will leverage our technology and national industry experience to continue to deliver the meaningful and measurable value they receive."

Dennis Trigg will continue to serve as a consultant for Atlas Oil, and his daughter, Terry Moyers, will join the company as a senior account manager and continue to maintain the relationships her family has built in the industry for more than 50 years.

"As I prepared to semi-retire and reflected on my career, the most important thing for me to address was that my loyal customers would be well taken care of and positioned for the future," said Trigg. "Atlas Oil Co. maintains a substantial supply portfolio, including relationships with all of the suppliers in the market, supply contracts, carrier relationships and inventory--with this comes the ability to offer the flexible contracts my customers need. I am confident that this new arrangement will benefit us all."

Based in Taylor, Mich., Atlas Oil is a national fuel supply, logistics and services company delivering comprehensive solutions to customers throughout the distribution lifecycle, from crude oil companies to refineries to retail gas stations and commercial end users nationwide.

Keywords: 
fuel volume, M&A