The Dallas-based supplier to numerous convenience stores expands its southern footprint.
The consignment and wholesale assets of Superior Transport Inc.’s (STi) were recently purchased by Empire Petroleum Partners, LLC.
Usher Transport, Inc. acquired the transportation division assets.
Terms of the deal weren’t disclosed.
Empire Petroleum is a Dallas-based company, which distributes fuel to more than 1,300 gas stations and convenience stores across 27 states and the District of Columbia.
STi Fuels is a leading petroleum marketer serving the three-state market of northern Alabama, northwestern Georgia, and southern Tennessee and distributes over 75 million gallons of motor fuels annually through over 120 consignment and dealer supply accounts.
Over the last several years, STi has grown significantly under the leadership of its president and co-owner Don Newton, co-owner Jarrett Shadday, and CFO Kevin Bush. At the time of the sale to Empire, STi retailed fuels through 47 consignment accounts and supplied wholesale fuels to 77 customers.
The majority of the fuels marketed by STi were through their proprietary Hi-Tech and Smile brands, and STi also supplied unbranded fuels to customers using their own flags. STi supplied 6 Shell sites and 11 BP sites and was a jobber for both companies, and the company operated a trucking division that hauled fuel to its consignment and wholesale sites in Georgia and Tennessee.
In 2002, STi was incorporated into a new entity and operated as a sister company to D&D Oil until the sale of the Cowboys Food Mart chain to The Pantry, Inc. in 2004.