Harbor Petroleum closed the sale of its contract dealer business to SEI Fuel Services Inc., a wholly owned subsidiary of 7-Eleven Inc. Harbor Petroleum owns and operates convenience stores and supplies fuels throughout Connecticut. Under the leadership of John Baker, the company began operating in 1981 with one gas station in Naugatuck. SEI Fuels entered the wholesale fuel business during the fourth quarter of 2012 when 7-Eleven and SEI Fuels acquired the assets of TETCO Inc. and its affiliates, which ran a Texas-based fuel distribution and convenience retailing business. This past November, SEI Fuels purchased 101 Florida gasoline station locations from Biscayne Petroleum LLC and Everglades Petroleum LLC. Matrix also provided merger and acquisition advisory services to Biscayne Petroleum and Everglades Petroleum in the November deal.
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