Offen Petroleum acquires W. Douglas fueling distribution business
The company distributes over 200 million gallons of fuel a year to more than 2,800 fuel, lubricant and diesel exhaust fluid customers.
Offen Petroleum has acquired W. Douglass Distributing’s wholesale businesses, encompasses the distribution of over 200 million gallons of fuel a year.
Based in Sherman, Texas, Douglass is a recognized national leader in the propane, lubricant, and wholesale and commercial fuel businesses, serving customers primarily in Texas and Oklahoma. The company's propane business has more than 4,600 residential customers, their wholesale business has more than 150 major customers, and their commercial business has more than 2,800 fuel, lubricant and diesel exhaust fluid customers.
Douglass also maintains an extensive fuel carrier business and operates in part through an agreement with Old World Industries in order to provide product transportation as well as on-site manufacturing of DEF, antifreeze and washer fluid products. A Douglass affiliate also owns and operates 23 convenience stores in the north Texas area under the Lone Star Food Stores banner which are not part of the sale to Offen.
"We have built a strong and successful wholesale fuel business over the past 40 years and are proud of our hard working and dedicated team members. We are pleased that Offen also recognizes the value and contributions of our team members, and, as a result, Offen will be retaining virtually all of the people who have supported our wholesale businesses," said Bill Douglass, Chief Executive Officer of W. Douglass Distributing.
While Offen has been serving the Texas market for years, this acquisition will become its regional operations center through which it will continue to grow the Texas and surrounding markets. Furthermore, the company is acquiring all of the Douglass wholesale facilities and will continue operations from the Sherman, Texas campus.
