In the US, Downstream Energy Group (“DEG”) announced that it served as the exclusive sell-side advisor to Earnheart Oil, Inc. and its related entities in the sale of the company’s integrated retail, wholesale, and transportation portfolio.
In a multi-party transaction, Earnheart’s wholesale fuels, lubricants, and transportation assets were acquired by Fleet Fuels, LLC, while its retail convenience store portfolio was acquired by Perfect Food & Gas.
Founded in 1971 by Ernest Earnheart as a single full-service gas station in Marshall, Oklahoma, Earnheart Oil has grown into one of central Oklahoma’s leading integrated downstream energy operators.
Now a third-generation, family-owned company, Earnheart operates across three complementary lines of business: retail gas and convenience stores, wholesale fuel and lubricant distribution, and petroleum transportation. The company serves customers throughout Oklahoma.
On the retail side, the company operates seven company-operated convenience stores under the well-recognized Earnheart banner throughout north-central Oklahoma, complemented by strategically located real estate holdings.
The transaction represents a comprehensive exit across all three business segments, delivering an efficient outcome for the Earnheart family.
More details DEG Announces Sale of Earnheart Oil’s Retail, Wholesale, and Transportation Assets – JobbersWorld
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