Bowden Oil Company has sold its branded Chevron distribution business and Shop “N” Fill Food Mart chain to Lawrenceville, Ga.-based Majors Management LLC.
Founded in 1955, Bowden Oil Company served a wide area of Central Alabama. The company was managed by sisters Donna Jones and Debbie Rogers on behalf of their mother Nora Bowden.
“Since the passing of our father several years ago, Debbie and I assumed a split management role in the company, with she handling the fuel distribution side and me handling store operations,” said Jones. “The decision to sell our business was a very hard one to make, as we took great pride in our stores and the close relationships that we had with both our customers and employees. Debbie and I worked hard to fine tune the business into a quality operation, but we were ready to start a new phase in our lives and the timing of the sale just seemed right.”
The sale allows Majors Management the opportunity to expand its well established Chevron branded business into Central Alabama and provides critical mass for subsequent growth throughout Alabama.
PetroActive Real Estate Services LLC provided exclusive advisory services to Bowden Oil Company in this transaction.
“Donna and Debbie and their managerial expertise are the best representation of traditional multi-generational wholesale petroleum excellence. They fine-tuned their business, while working a well-defined exit strategy to garner optimal rewards in today’s brisk acquisition market.” said Mark Radosevich, president of PetroActive Services. “We are happy to have had the opportunity to represent them with this successful undertaking.”