Tuesday, December 22, 2020
Offen Petroleum (Commerce City, Colo.) announced Dec. 15 that it has acquired the business assets of Ozark Mountain Energy, a motor fuel distributor, and Petroleum Express, its affiliate trucking company, both based in Mt. Vernon, Mo. Offen is a provider of motor fuel, lubricants, and petroleum logistics services in Colorado and 15 surrounding states. The acquisition further expands Offen's footprint into the Mid-Continent and Midwestern states.
Ozark Mountain Energy will continue to operate from its Mt. Vernon, Mo., office. Brent, Eric, and Kyle Wilmoth will stay on to lead this region under Offen. Ozark Mountain Energy, formed in 1991 by the Wilmoth family, is a wholesale motor fuel and propane distributor, with business operations concentrated in Missouri, Kansas, Oklahoma, and Arkansas as well as nine other states. Brent Wilmoth, CEO of Ozark Mountain Energy, has grown the business to approximately 700 million gallons of annual motor fuel and propane sales.
"This is yet another transformational addition to Offen and we are excited to welcome the Ozark Mountain Energy employees to the Offen team," said Bill Gallagher, CEO of Offen Petroleum. "This transaction affords us the opportunity to strengthen our existing operations while expanding more deeply into new geographies and business lines. Additionally, I am pleased that we will be adding some great young talent by having Eric and Kyle Wilmoth join us. Eric will be joining Offen's executive leadership team as executive vice president of Ozark Operations and Kyle will be joining us as strategic account manager."
The companies will become a combined business and will continue to operate under the name Ozark Mountain Energy in the Mid-Continent and Midwestern states.
"I am very pleased that Ozark Mountain Energy will continue its growth under a larger platform that will provide greater opportunities for our customers, employees and suppliers," said Brent Wilmoth.
SOURCE: The Weekly Propane Newsletter, December 23, 2020. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.
Ozark Mountain Energy will continue to operate from its Mt. Vernon, Mo., office. Brent, Eric, and Kyle Wilmoth will stay on to lead this region under Offen. Ozark Mountain Energy, formed in 1991 by the Wilmoth family, is a wholesale motor fuel and propane distributor, with business operations concentrated in Missouri, Kansas, Oklahoma, and Arkansas as well as nine other states. Brent Wilmoth, CEO of Ozark Mountain Energy, has grown the business to approximately 700 million gallons of annual motor fuel and propane sales.
"This is yet another transformational addition to Offen and we are excited to welcome the Ozark Mountain Energy employees to the Offen team," said Bill Gallagher, CEO of Offen Petroleum. "This transaction affords us the opportunity to strengthen our existing operations while expanding more deeply into new geographies and business lines. Additionally, I am pleased that we will be adding some great young talent by having Eric and Kyle Wilmoth join us. Eric will be joining Offen's executive leadership team as executive vice president of Ozark Operations and Kyle will be joining us as strategic account manager."
The companies will become a combined business and will continue to operate under the name Ozark Mountain Energy in the Mid-Continent and Midwestern states.
"I am very pleased that Ozark Mountain Energy will continue its growth under a larger platform that will provide greater opportunities for our customers, employees and suppliers," said Brent Wilmoth.
SOURCE: The Weekly Propane Newsletter, December 23, 2020. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.
