atlas-truck

Empire Petroleum Partners LLC announces strategic merger with the retail dealer business of Atlas Oil Company

DALLAS, TX, January 12, 2015 —

Empire Petroleum Partners, LLC (“Empire”) and Atlas Oil Company (“Atlas”) announced today that they have combined their retail dealer businesses to create a powerful, national fuel distributor. The combined entity will service 1,350 accounts in 29 states and distribute nearly 1 billion gallons of fuel annually. The addition of the Atlas retail business significantly enhances Empire’s fuel volumes while strengthening its relationships with its branded partners, including Marathon, ConocoPhillips, Citgo and BP.

As part of the merger, Sam Simon (Chairman and CEO of Atlas) will retain a significant ownership stake in Empire and will join its Board of Directors in an influential role. “We are pleased to welcome Sam, an industry veteran and successful executive, as our partner,” said Hank Heithaus, Chief Executive Officer of Empire. “Sam has a long history of innovation and growth and we look forward to capturing his entrepreneurial energy and vision.”

Atlas’s retail dealer business, which represents less than 24% of Atlas’s total fuel volume, will be merged with Empire while its core commercial and industrial segment will remain in place and be strengthened for growth.

“We have always strived for innovation and progression as a company and our partnership with Empire creates immediate scale and future opportunities,” said Sam Simon. “We believe the combination of our retail fuel volumes will fortify Empire’s leadership position in the industry and enable us to better serve our customers, employees and suppliers.”

As part of the combination, Empire will receive additional equity capital from its financial sponsor, American Infrastructure MLP Funds (“AIMLP”), as well as other significant shareholders. In addition, Empire recently expanded its credit facility to $250 million to close several strategic acquisitions and to support future growth initiatives.

“The Empire partnership was formed in 2011 to bring industry leaders together to create a powerful and lasting fuel distributor,” said Bob Hellman, Chairman of the Board at Empire and CEO and Managing Director at AIMLP. “The addition of Atlas and Sam Simon to our partnership is an important milestone and we greatly welcome Sam’s involvement, guidance and stewardship.”

About Empire Petroleum Partners

Empire Petroleum is a leading motor fuels distributor of top brands including Shell, Chevron, Valero, Sunoco, BP, Exxon, Citgo, Mobil, Marathon, Texaco, ConocoPhillips, and Gulf. Headquartered in Dallas, TX, Empire currently distributes motor fuel products to gas stations in the Mid-Atlantic, Southeastern, Southwestern and Midwestern states. For more information, visit www.empirepetroleum.com.

About Atlas Oil Company

Headquartered in Taylor, Mich., Atlas Oil is a premier national fuel supply, logistics and services company delivering comprehensive solutions to customers throughout the distribution lifecycle, from crude oil E&P companies to refineries, retail gas stations and commercial end users nationwide. With operational excellence and industry leading safety standards, Atlas is engaged in all areas of transportation, logistics and fueling, including bulk, fleet, event, onsite, emergency services and transloading. The company leverages a team of nearly 500 professionals, a fleet of state-of-the-industry equipment and a national network of premium third-party relationships. For more information, visit www.atlasoil.com.

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For further Information, please contact:
Empire Petroleum Partners, LLC
Travis Booth
tbooth@empirepetroleum.com
301.921.9200

mansfield-truck

Empire Petroleum Partners LLC acquires Mansfield Oil Company’s retail dealer business

Dallas, TX

Empire Petroleum Partners, LLC (“Empire”) announced today that it has acquired the retail dealer business of Mansfield Oil Company of Gainesville, Inc. (“Mansfield”), which represents approximately 6% of Mansfield total fuel sales, and has merged its retail dealer operations into Empire effective September 25, 2014. Additionally, Mansfield will become a partner and will retain an ownership stake in Empire. The combination of Empire and Mansfield will create a powerful, national dealer-focused fuel distributor which services over 1,100 accounts in 26 states in the continental United States. The addition of Mansfield’s retail dealer business significantly enhances Empire’s unbranded platform and further solidifies its relationship with its branded partners – including Citgo, Valero, BP, Mobil and ChevronTexaco.

“With changes in the retail gasoline industry just getting started, the best chance for large scale success lies with efforts such as Empire’s vision to establish a large volume business that is well capitalized and poised for growth” said Douglas Haugh, President of Mansfield. “We believe that Empire has assembled a great team and a strong platform that is required for long-term success.”

Both Empire and Mansfield expect to work together on future acquisitions which will both assist Empire in the growth of its retail dealer platform while also supporting Mansfield’s expansion of its retained commercial fuels business. “The combination of the Empire and Mansfield teams on an ongoing basis will be a formidable partnership; one which will allow Empire to continue to execute on its growth plans well into the future” added Hank Heithaus, Chief Executive Officer of Empire. In an attempt to make the transition as seamless and as smooth as possible for customers, Empire will hire Mansfield’s existing operations personnel to continue to manage the accounts for Empire post-closing.

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For further Information, please contact:
Empire Petroleum Partners, LLC
Travis Booth
tbooth@empirepetroleum.com
301.921.9200

Georgia Holdings

Empire Petroleum Partners LLC acquires certain supply agreements and assets from Georgia Oil Holdings

Dallas, TX

Empire Petroleum Partners, LLC (“Empire”) announced today that it has successfully acquired 59 dealer supply agreements and certain real estate and leasehold assets from Georgia Oil Holdings. The acquisition further solidifies Empire’s presence in the Southeastern United States and in the Atlanta, Georgia market in particular. Additionally, the transaction expands Empire’s existing business relationship with BP.

“The Georgia Oil assets, which were formerly owned by BP, are well situated in the Atlanta marketplace to allow Empire to continue to grow our market presence in the Southeast,” commented Mike Diebus, Chief Operating Officer of Empire. Empire is focused on growing same store volumes at the Georgia Oil locations, and believes that these assets provide an opportunity for Empire’s customers to compete in the market.

Empire continues to execute on its acquisition strategy as this is the second acquisition completed in 2014. The company most recently acquired 83 distribution contracts from King Fuels, Inc. in January. Empire continues to work on additional acquisition opportunities in its pipeline, and looks forward to closing its next acquisition in Q2 2014.

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For further Information, please contact:
Empire Petroleum Partners, LLC
Travis Booth
tbooth@empirepetroleum.com
301.921.9200

King Fuels

Empire Petroleum Partners LLC announces acquisition of 83 distribution contracts from King Fuels, Inc

Empire Petroleum Partners, LLC (“Empire”) announced today that it successfully acquired eighty three wholesale distribution contracts from King Fuels, Inc. (“King Fuels”), a Houston-based distributor that supplies branded fuel to gas stations primarily in the Houston, Texas market. The addition of these King Fuels’ accounts significantly enhances Empire’s Southwest regional footprint in Texas, while increasing Empire’s existing partnerships with Valero, Chevron, Shell, ExxonMobil, ConocoPhillips and Citgo.

The King Fuels acquisition solidifies Empire’s continued dedication to execute its growth plans. The company most recently acquired the assets of Beach Express Oil Company, Inc. in April 2013 and Besche Oil Company, Inc. in December 2012.

“The King acquisition is important to Empire, as it provides Empire with a substantial foothold in the Houston market – a market Empire has targeted for growth. With the King assets, we now have the necessary foundation of business to allow us to continue to grow the market and increase our market presence over the next twelve to eighteen months” said Empire’s Chief Executive Officer, Hank Heithaus. “We seek to be a reliable and stable partner for our customers, suppliers, employees and the communities in which we do business” added Sultan Poonawala, Empire’s Vice President of Operations in Dallas, Texas.

About King Fuels

King Fuels is a fuel distributor for Valero, Chevron, Shell, ExxonMobil, ConocoPhillips and Citgo servicing accounts in Texas and Louisiana. Additionally, King Fuels owns and operates a number of retail stations in the Houston markets and will continue to focus on the operations of such company operated locations and real estate development opportunities, as well as provide services to their remaining dealer network.

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For further Information, please contact:
Empire Petroleum Partners, LLC
Travis Booth
tbooth@empirepetroleum.com
301.921.9200