Three of the U.S. Midwest’s largest petroleum distributors, Boyer Petroleum, Moore Oil Company, and the distribution arm of Lubrication Technologies Inc. have entered into a merger to form LubeTech & Partners, LLC.
Under the merger agreement, the new company’s 200 combined employees will provide more than 20 million gallons of lubricants and chemicals, as well as a broad portfolio of products and services to more than 7,000 customers throughout the upper Midwest. LubeTech & Partners, LLC’s primary geographic service coverage will include Minnesota, Wisconsin, Northern Illinois, Iowa and Eastern North Dakota, South Dakota, and Nebraska.
David Boyer, president of Boyer Petroleum, will serve as director of sales & operations for the Iowa region of LubeTech & Partners, LLC. Andrew Haag, president of Moore Oil Company, 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 LubeTech & 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.”
Previously, Boyer Petroleum served all of Iowa from its headquarters in Des Moines, Iowa. Lubrication Technologies, Inc., based in Golden Valley, Minn., served transportation, automotive, industrial, and small engine customers in more than 70 countries. Moore Oil Company, based in Milwaukee, Wisc., covered Wisconsin, Upper Michigan and Northern Illinois, through its three locations in Milwaukee, Wisc., Plover, Wisc., and Burr Ridge, Ill.
“Andrew and I are extremely excited about the future for our employees, customers and community as we merge Moore Oil into LubeTech & Partners,” said Scott Haag, shareholder and member of the Mergers & Acquisitions Team at LubeTech & Partners, LLC. “Our industry is rapidly changing which requires our business model to change as well.
“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.”
LubeTech & Partners, LLC will go to market under the LubeTech brand and will have central branches in Des Moines, Iowa, St. Paul, Minn., and Milwaukee, Wisc.