Three of the Midwest’s largest petroleum distributors, Boyer Petroleum (Des Moines, IA), Moore Oil Company (Milwaukee, WI), and the Distribution arm of Lubrication Technologies Inc. (St. Paul, MN), have announced they have entered into a merger to form Lube-Tech & Partners, LLC. Under this merger, the new company’s 200 combined employees will provide over 20 million gal. of lubricants and chemicals, as well as a broad portfolio of products and services to over 7000 customers throughout the Upper Midwest. Lube-Tech & Partners, LLC’s primary geographic service coverage will include Minnesota, Wisconsin, Northern Illinois, Iowa and Eastern North Dakota, South Dakota, and Nebraska.
Lube-Tech & Partners, LLC customers will continue to receive local support from the teams they know and trust, and can expect expanded product and service offerings in the future. The company remains committed to delivering ‘peace of mind’ to its customers by providing solutions that help them improve performance and their bottom line through lubrication customisation, consultative support, and one-stop shopping for equipment, cleaning, recycling services, and energy solutions.
Noteworthy new roles within Lube-Tech & Partners, LLC include David Boyer, President of Boyer Petroleum, who will serve as Director of Sales & Operations for the Iowa Region of Lube-Tech & Partners, LLC, and Andrew Haag, President of Moore Oil Company, who will serve as Vice President of Sales & Marketing.
“Our goal in bringing these companies together is to create a sustainable, multi-generational, family owned business that will be a leader in providing petroleum solutions for the Upper Midwest and beyond,” said Chris Bame, Chairman of the Board for Lube-Tech & Partners, LLC. “We share a history as strong, family businesses that foster an employee and customer centric culture. Our shared mission is to continually help our customers accelerate performance while enhancing our community and the lives of our employees. By joining together, we’re positioning ourselves for accelerated growth and an exciting future.”
“Andrew and I are extremely excited about the future for our employees, customers and community as we merge Moore Oil into Lube-Tech & Partners,” said Scott Haag, Shareholder and Member of the Mergers and Acquisitions Team at Lube-Tech & Partners, LLC. “Our industry is rapidly changing which requires our business model to change as well. The great number of talented people on our new team, combined with our size, scale and shared product and service offerings, will allow us to turn the challenges we face into great opportunities.”
“This merger will be positive for our customers, employees and our suppliers,” said Boyer. “We’re excited to share new technologies, new products, new services and new efficiencies. Bringing three family owned businesses together into one company enhances our motive to serve our customers and each of our employees. It’s a great opportunity for Boyer Petroleum.”
Adapted from press release by Francesca Brindle
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/09062016/midwest-petroleum-distributors-merge-to-form-lube-tech-partners-3489/