Offen Petroleum acquires Ozark Mountain Energy

December 21, 2020 By    

Offen Petroleum closed on the acquisition of the business assets of Ozark Mountain Energy, a motor fuel distributor, and Petroleum Express, its affiliate trucking company, both based in Mount Vernon, Missouri.

Offen Petroleum is a provider of motor fuel, lubricants and petroleum logistics services in Colorado and 15 surrounding states. The acquisition expands Offen’s footprint more deeply into the Midwest.

Ozark Mountain Energy, a motor fuel and propane distributor, was formed in 1991 by the Wilmoth family. The company will continue to operate from its Mount Vernon office, and Brent, Eric and Kyle Wilmoth will continue to lead this region under Offen.

Ozark Mountain Energy focuses its business operations in Missouri, Kansas, Oklahoma and Arkansas but serves customers in a total of 13 states. Under the leadership of Brent Wilmoth, the company sells about 700 million gallons of motor fuel and propane annually.

“We believe that the cultures at Offen and Ozark Mountain Energy are a perfect fit, which will make this merger very successful,” says 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 Wilmoth will join Offen’s executive leadership team as executive vice president of Ozark operations, and Kyle Wilmoth will join Offen as strategic account manager.

“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,” says Brent Wilmoth, CEO of Ozark Mountain Energy. “Our businesses have organically grown in a similar fashion by always putting the customer’s needs first. I am confident that joining with Offen is a great fit to enhance our company’s growth. To further demonstrate my commitment to the future of our combined companies, I am purchasing a significant equity stake in Offen Petroleum.”

Downstream Energy Partners (DEP) provided exclusive merger and acquisition advisory services to Ozark Mountain Energy. DEP is an investment bank specializing in merger and acquisition advisory services to middle market companies within the downstream energy sector.

Featured image: designer491/iStock / Getty Images Plus/Getty Images

This article is tagged with , and posted in News

Comments are currently closed.