RelaDyne announced its recent acquisition of the lubricants and commercial fuel divisions of Slidell Oil Company, a distributor of lubricants, fuel and diesel exhaust fluid in Alabama, U.S.A. This acquisition will have no impact on Slidell Oil’s retail and wholesale fuel operations.
With the Slidell Oil locations in Montgomery and Demopolis, this acquisition significantly expands RelaDyne’s geographic density and capabilities within the state of Alabama.
Slidell Oil began as a Shell Oil Company jobber in Louisiana in 1948 and has since grown to span Mississippi, Alabama, Florida and Georgia marketing retail fuel programs for Shell, Chevron, Texaco, Valero and Liberty brands.
As one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid and industrial reliability services, RelaDyne will be better able to fulfill the needs of its existing Alabama customers, as well as provide new products and services to an expanded three-state area with Slidell Oil’s market reach.
“First and foremost, we welcome all the Slidell Oil customers and associates to the RelaDyne family,” says Larry Stoddard, president and CEO of RelaDyne. “We feel the Alabama market continues to present abundant growth opportunities for RelaDyne’s wide breadth of products and services as well as expanding opportunities for current and now new RelaDyne associates. We are committed to the Alabama market and community through this, our third acquisition in Alabama.”
“RelaDyne is such a great fit for our people and our customers,” said Brian Baker, owner and co-CEO of Slidell Oil Company. “We intentionally partnered with RelaDyne because of their reputation, and we knew they would take great care of our associates and our customers.”
“RelaDyne will provide our associates with expanded opportunities and our customers with new products and services we could not previously provide with our resources,” Baker said.
“The purchase of the Lubricants and Commercial Fuel Divisions of Slidell Oil Company represents our seventh acquisition of 2016,” said Jeff Hart, who heads RelaDyne’s M&A activities and is the company’s CSO. “We are continually looking to acquire leading businesses with great people and great customers; Slidell Oil is yet another great example of that. 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,” he said.
Headquartered in Cincinnati, Ohio, RelaDyne is one of the nation’s leading providers of lubricants, fuels, diesel exhaust fluid and reliability services for industrial, commercial and automotive businesses in the United States. RelaDyne was formed in 2010 by the combination of four well-established industry-leading companies and has since grown to more than 50 locations by strategically acquiring other industry leaders in the lubricant, fuel distribution and industrial service segments.