Cincinnati, Ohio, May 23, 2013 – The Great Lakes division of Maxum Petroleum (“Maxum”) (comprised of Hartney Fuel Oil Company and Paulson Oil Company) announced today that its transport and railroad fuel businesses have been acquired by Mansfield Oil Company (“Mansfield”) and its lubricants and tank wagon fuel businesses have been acquired by RelaDyne.
Mansfield provides comprehensive fuel service supply, distribution, delivery and dispensing solutions through an integrated network of refiners, terminals, carriers and retailers throughout the continental United States and Canada. RelaDyne is one of the largest providers of lubrication products, fuel and services focused on integrated equipment reliability for industrial, commercial and automotive business in the United States.
“We are excited to join the extensive and successful networks of Mansfield and RelaDyne,” said Paul McCusker, Vice President and General Manager of Maxum Petroleum – Great Lakes. “These acquisitions will allow us to better serve our customers through a larger product offering and higher levels of service.”
The lubricants and tank wagon fuel businesses from Maxum will expand RelaDyne’s current product offering in its existing Great Lakes region to include fuel and a completely new line of products and services to offer its customer base. Among these synergies and growth opportunities, the Maxum acquisition provides RelaDyne with an opportunity to expand its Field Reliability Management (FRM) services in the commercial and industrial markets of the Great Lakes and Midwest regions.
“The location of Maxum’s Paulson Oil Company in Chesterton, Indiana, gives us a natural expansion to offer new products and services to the Chicago marketplace,” stated Larry Stoddard, CEO of RelaDyne. “All of Paulson’s employees will continue to provide the highest level of customer service, sales support and reliable supply that the customers have come to expect. We couldn’t be more pleased to add Maxum/Paulson to the RelaDyne family of businesses.”
Maxum’s transport and railroad fuel businesses equally fit into Mansfield’s current fuel supply chain. “Our Great Lakes operation has been growing rapidly for the past five years and this was a great opportunity to accelerate that growth while adding local transportation and fuel blending assets that will expand our service capabilities,” said Jim Stout, Great Lakes Region General Manager. “We are also excited about partnering with RelaDyne and Paul’s team in Chesterton to grow the local fueling services operation by providing supply and delivery solutions to our national accounts. We believe this is a model that we can replicate in many markets nationally,” said Doug Haugh, President of Mansfield Oil Company.
About Mansfield Oil Company
Ranked as one of the Top 100 privately held companies in America by Forbes magazine, Mansfield defines the next generation transportation fuels company. Founded in 1957, the company has achieved double-digit growth for three decades by focusing on optimizing and controlling fuel-related costs for its customers using innovation, technology, and high touch service. Mansfield’s corporate headquarters is located in Gainesville, GA, with regional operations centers located in Chicago, Detroit, Denver, Los Angeles, Houston, and Calgary, and with renewable energy operations in Bloomington, MN; Irvine, CA; and Sioux City, IA. For more information, visit www.mansfieldoil.com.
About Maxum Petroleum
Maxum Petroleum, Inc., based in Greenwich, CT, is a leading independent energy logistics company that markets and distributes a comprehensive offering of refined petroleum products and services to commercial and industrial customers in the United States and Panama. For more information, please visit www.maxumpetroleum.com.