New partnerships and initiatives help Andretti Petroleum more efficiently and effectively serve customers.
Andretti Petroleum is set for growth in 2018, from a new acquisition to new organizational appointments.
Central Petro Acquisition
Grants Pass, Ore-based Colvin Oil, an Andretti Petroleum group company, has partnered with Thompson and Harvey Transportation Inc. of Santa Maria, Calif. and acquired the assets of Central Petro Inc., a fuel transportation logistics company based in Bend, Ore. The newly-created Joint Venture acquirer entity will be known as Thompson and Harvey Transportation Northwest LLC (T&H NW) and do business as a common carrier throughout Oregon. The new joint venture company will provide timely, safe and cost effective fuel delivery services to Oregon wholesalers and retailers.
Andretti Petroleum Group-ISTOBAL Alliance
In addition, Andretti Petroleum group has announced an alliance with ISTOBAL USA to provide vehicle wash equipment to their company locations and dealer stores. Founded in 1950, ISTOBAL is recognized as the premier manufacturer of advanced car wash systems and operates out of its Bristol, Virginia plant in the United States. Andretti Petroleum group will standardize on ISTOBAL equipment at company stores and offer value added opportunities to its dealer network.
Andretti Petroleum group Chairman Mario Andretti commented, “We are dedicated to bringing the best products and services to our customers. Our new ISTOBAL FLEX5 washes bring the premier rollover car wash in the world to our customers in California and Oregon. Our initial installations have been seamless and have yielded excellent uplift results. Likewise, our recent JV transport acquisition has allowed us to more efficiently and effectively serve our customers.”
Organization Announcements
The Andretti Petroleum group is comprised of a family of companies that market petroleum products in California, Oregon and Washington. The companies include: Peninsula Petroleum, Humboldt Petroleum, and Colvin Oil. Chairman Mario Andretti also announced the following executive staff updates:
- MJ Castelo will assume the newly created role of CEO of the combined companies: Peninsula Petroleum, Humboldt Petroleum and Colvin Oil.
- Lane Colvin will continue in his role as president-member of Colvin Oil.
- Elizabeth Bailey joined the organization in the role of chief financial officer (CFO) of Colvin Oil.
- Clint Monchamp has joined Thompson & Harvey Transport Northwest as general manager.
- Kim Rodgers has been named assistant controller-Humboldt Petroleum.
