Empire Petroleum announces acquisition of certain assets of B&M Oil Company
DALLAS, TX, August, 8 2018 —
Empire Petroleum Partners, LLC (“Empire”) announced today that it has acquired the retail fuel distribution business of B&M Oil Company (“B&M”), a Tulsa, Oklahoma-based distributor that supplies branded and unbranded motor fuels throughout Oklahoma. The addition of B&M increases Empire’s market presence in the State of Oklahoma, and continues to strengthen its business partnership with Phillips 66 and Sinclair.
Empire entered the Oklahoma market in a meaningful way in 2016 with its purchase of the fuel distribution business of Arkansas Valley Petroleum. The B&M transaction marks the third acquisition in Oklahoma in 2 years, and Empire is continuing to pursue new acquisition opportunities in the market.
“The B&M acquisition illustrates Empire’s continued ability to execute on our growth plans, especially in our existing markets” said Empire’s Vice President of Corporate Development, Travis Booth. “As evidence by the recent Willoughby transaction and now the B&M transaction, we continue to see great opportunities for continued growth. We wish to extend a warm welcome to the 40+ customers that will be joining the Empire family through this acquisition.”