RelaDyne announces fifth lubricant acquisition for 2016
RelaDyne has acquired the lubricants division of Hollingsworth Oil Company (HOCL), a distributor of premium lubricants in Tennessee and Alabama, expanding RelaDyne’s geographic footprint in these two U.S. southern states.
Hollingsworth Oil Company purchased its lubricants division in 2007. In the past decade, the company has grown to become one of the region’s top distributors.
“First and foremost, we welcome all the Hollingsworth customers and associates into the RelaDyne family,” says Larry Stoddard, RelaDyne president and CEO. “We feel with high confidence that the greater Nashville and Birmingham marketplace presents an abundant growth opportunity for RelaDyne’s wide breadth of products and services. We are excited and committed to that community through this, our second acquisition in Tennessee and Alabama.” RelaDyne acquired Mid-State Industrial Services of Nashville, thus securing its place in the mid-south region in November 2015.
“The lubricants division of Hollingsworth Oil Company represents our fifth acquisition of 2016,” says Jeff Hart, who leads RelaDyne’s M&A activities. “We are continually looking to acquire leading businesses with great people and great customers; HOCL is a fine example of that in the lubricant distribution segment. Our M&A team at RelaDyne is focused on adding new geography, new capabilities and more density within our current footprint as we continue to create a national distribution platform.”
“RelaDyne is such a great fit for our people and our customers,” adds Ronnie Hollingsworth, owner and president of Hollingsworth Oil Company.
RelaDyne, headquartered in Cincinnati, Ohio, is an industry-leading lubricant, fuel, and diesel exhaust fluid (DEF) distributor providing customers with integrated reliability management services for industrial, commercial, and automotive markets.
RelaDyne was formed in 2010 by the combination of four industry leaders – Mid-Town Petroleum, Inc. (Bridgeview, Ill.), Oil Distributing Company (Cincinnati, Ohio), The Hurt Company, Inc. (Houston, Texas) and Pumpelly Oil Company (Sulphur, La.). Since then, it has grown to span more than 40 locations serving customers in over 45 states and 22 nations. The company also benefits from the support of its business-building financial partner, AEA Investors LP, which manages funds worth approximately USD 6 billion of invested and committed capital.