USA: Andretti Petroleum doubles size of network with latest acquisition

The Andretti Petroleum group and Lane Colvin have acquired the assets of Colvin Oil Company, which include 54 company owned and operated gas stations, most of the them working under the Chevron brand.

The acquisition will allow Andretti Petroleum to enter the Oregon and Washington markets while doubling the size of their current fuel retailing network, consisting of 44 locations spread through California.

“We are thrilled to expand into the Oregon and Washington markets through such a quality and time-tested organization,” said Mario Andretti, owner of Andretti Petroleum and former racing driver.

Colvin Oil was founded in 1960 by Merve Colvin.  The diverse company owns and operates 54 facilities, supplies almost 100 open dealers, maintains three bulk plant operations, a fleet and commercial fueling operation, a lubricants business, and a transportation company.