Circle K has acquired Elk City, Okla-based Hutchinson Oil Co., a petroleum marketer and convenience retailer operating 20 Hutch’s-branded c-stores and travel centers in western Oklahoma and southern Kansas.
Hutchinson is a third-generation, family-owned and operated business that was founded
by Ross Hutchinson in 1969. His son, David Hutchinson, assumed the role of president in
the 1990s and focused the company’s efforts on expanding the Hutch’s brand by building large, attractive convenience stores and travel centers with best-in-class amenities that catered to both the passenger vehicle and professional driver customer.
The stores offer a top-tier “Hutch’s Deli” proprietary food and beverage program with made-to-order (MTO) foodservice and an extensive selection of traditional convenience merchandise.
In the fourth quarter of 2024, Hutchinson sold its delivered fuels business to Hampel Oil Distributors, Inc. Hutchinson’s delivered fuels business sold commercial refined fuels
products to a diverse commercial and industrial customer base throughout western Oklahoma. With the closing of the convenience retail and travel centers transaction in
January 2025, the Hutchinson family has now exited the fuels industry after a long and
successful period as one of Oklahoma’s premier petroleum marketers, fuels distributors
and convenience retail operators.
Matrix provided merger and acquisition advisory services to the company, which included valuation advisory, marketing the businesses through confidential, structured sale processes and negotiation of the transactions.
“We have known the Matrix team for years through our involvement in SIGMA. They managed our transactions with the same knowledge and professionalism that we have come to know them for,” said David Hutchinson, president. “From start to finish, they managed many of the details that helped us maximize the value of our company. As the Hutchinson Family determines our next chapter, we cannot thank the Matrix team enough for their help to complete these transactions. We could not have done this without them.”
