RALEIGH, N.C. -- Jones & Frank has announced that it has acquired the assets of Reliable Oil Equipment, a distributor and service provider headquartered in Dayton, Ohio, on Dec. 21, 2012. The addition of Reliable Oil Equipment to Jones & Frank will create a combined organization with 22 branch offices, three distribution centers and personnel in 20 states.
Jones & Frank will now employ more than 175 certified technicians that are strategically located throughout the combined footprint to deliver a wide array of equipment and services. Customers, employees and vendors will benefit from the stronger organization with greater reach and resources to support retail and commercial customers alike, said the company.
The integration of both companies will occur over the next several months.
"We are very excited about this acquisition and the depth that the strong team at Reliable adds to our business. The blending of key resources from both organizations will translate into increased efficiencies to better serve our customer," said Jones & Frank CEO Sterling Baker. "The acquisition also adds to our capacity and geographic presence to better service the single store operator or the national retailer with multiple locations."
Jeff Badgley, president of Reliable Oil, said, "Our management team is looking forward to the opportunity this acquisition presents to continue the growth of our service and distribution business throughout the Midwest."
Based in Raleigh, N.C., Jones & Frank is a leading value-add distributor and provider of repair, maintenance and installation services to the fueling infrastructure industry. The company distributes, services and installs fueling equipment to retail fueling stations, commercial and government fleets and emergency power customers. Jones & Frank covers the Atlantic Seaboard and Midwest from a network of branch offices and distribution centers. A network of more than 175 service technicians located throughout the company's footprint provide the services nationally.
Jones & Frank represents the premier products in the fueling infrastructure marketplace including Gilbarco/Veeder-Root, VeriFone, Containment Solutions, OPW and Franklin Fueling.