Reladyne announces sixth acquisition this year
RelaDyne, based in Cincinnati, Ohio, U.S.A., announced its most recent acquisition, Automotive Service, Inc./Central Penn Oil (ASI), a family owned and operated fuels and lubricants distributor since 1934. Automotive Service, Inc. is RelaDyne’s sixth acquisition this year.
RelaDyne is an industry leading lubricant, fuel, and diesel exhaust fluid (DEF) distributor, formed in 2010 by the combination of four industry leaders – Mid-Town Petroleum, Inc. in Bridgeview, Ill.; Oil Distributing Company, Cincinnati, Ohio; The Hurt Company, Inc., Houston, Texas; and, Pumpelly Oil Company, Sulphur, La.
RelaDyne’s distribution platform spans more than 30 locations serving states in the Central United States. The company 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.
Its most recent acquisition, ASI, services the eastern and central Pennsylvania and southern tier New York markets from three strategic locations: Sinking Spring, Penn., Muncy, Penn., and Elmira Heights, N.Y.
As part of RelaDyne, ASI will strategically expand RelaDyne’s geographic footprint further into Eastern Pennsylvania and upstate New York, providing additional avenues for lubricant and fuel sales, as well as expansion of industrial reliability solutions through RelaDyne Reliability Services.
John Palmer, third generation owner of ASI, will continue with RelaDyne as general manager of the newly formed branch.
“The acquisition of ASI brings RelaDyne into new territories, allowing us to expand our service area and enhance our product availability in other markets,” said Larry Stoddard, Reladyne CEO.