Atlas Oil Co., Taylor, Mich., is acquiring 33 more retail gas stations/convenience stores in Southwest Chicago and the surrounding suburbs from BP Products North America Inc.
With this purchase, scheduled to close in June, Atlas will operate 113 BP stations in the Chicagoland/Northwest Indiana region and will distribute more than 300,000,000 gallons of fuel annually for BP, making it one of BP’s largest distributors.
This will be Atlas Oil Co.’s third major acquisition from BP in the last year. Other transactions include the purchase of 23 sites in September 2008, and 57 sites in January 2009. When the transaction is complete, Atlas will manage the supply of nearly 400 retail locations in total throughout the US.
“Atlas Oil Company has proven to be a great business partner for BP,” said Sean Daley, vice president, Midwest Sales of BP Products North America. “Atlas’ distribution, supply management and operational capabilities have given us considerable confidence and trust in their ability to manage these BP branded retail assets in one of the most important Midwest markets for BP and the ampm franchise offer.”
“Despite challenging economic conditions nationally and in our home state of Michigan, we continue to meet our growth objectives in the Midwest market,” said Mike Evans, executive vice president, business development of Atlas Oil Co. “Each acquisition expands the markets in which we can prospect for new opportunities, and we look forward to being able to further develop our relationship with BP by converting additional locations to the BP brand.”