Cincinnati, Ohio, November 21, 2013 – On November 8, 2013, RelaDyne celebrated its third year of industry-leading lubricants, fuel, and industrial services distribution in the US. In just these three years, the company has almost doubled in size through acquisitions, product line expansions, and organic growth.
Although the RelaDyne name is new in the industry, its well-established foundation is comprised of four highly successful, family-owned companies with more than 225 years of combined industry expertise. These industry leaders – Mid-Town Petroleum, Inc. (Bridgeview, Illinois), Oil Distributing Company (Cincinnati, Ohio), The Hurt Company, Inc. (Houston, Texas) and Pumpelly Oil Company (Sulphur, Louisiana) joined forces in 2010 to leverage their knowledge, relationships, services and expertise, thus forming RelaDyne.
Since RelaDyne’s inception, the growing company has acquired 5 additional companies with more than 10 locations across the central corridor of the US, the most recent acquisition being the lubricant and tank wagon fuel businesses from Maxum Petroleum – Great Lakes, also known as Paulson Oil Company, in Chesterton, Indiana. All 21 RelaDyne locations are operating on the same ERP system – a feat 3 years in the making. RelaDyne can now successfully integrate new acquisitions in just six weeks after closing.
In addition to its internal expansions, RelaDyne has seen tremendous growth in its automotive and industrial markets. What began as an automotive lubricant brand in the Cincinnati branch, RelaDyne’s line of DuraMAX products now includes bulk and packaged motor oils, antifreezes, automotive chemicals, wiper blades and filters, with products sold in more than 20 states and 7 countries.
RelaDyne’s Field Reliability Management (FRM) industrial services division has seen significant expansions in its northern markets. Through increases in dedicated sales personnel and specialized equipment available to its northern customers, FRM has performed invaluable services designed to reduce equipment downtime, increase efficiency, and improve the profitability of customers.
“We have seen significant growth these last three years, not just in our company but in our associates as well,” says Larry Stoddard, President and CEO of RelaDyne. “Without the hard work and dedication of our associates at all branches, RelaDyne would not be as successful as it is today.”
As a whole, RelaDyne highly values its associates and customers as it leads the path of change in the industrial distribution market. The company will continue to implement best practices to grow organically and will begin a framework for centralized services in the near future.