LAWRENCEVILLE, Georgia., 20 December 2021 / PRNewswire / – Majors Management, LLC and its affiliates (“Majors”), a growing leader in the field. the convenience store industry announces that it has purchased the convenience retail, petroleum marketing and fuels wholesale businesses of Haywood Oil Company, Inc. d / b / a Peak Energy (“Peak”), including its seven company-operated convenience retail stores and over 100 wholesale dealer accounts located throughout the west North Carolina, as well as parts of Caroline from the south, Georgia, and Tennessee. Peak’s assets complement Majors’ current geography and expand its portfolio with its existing branded suppliers.
Majors Management announces the acquisition of Peak Energy. Majors’ second transaction announced in 2021.
President of the Majors, Ben smith Noted, “Todd Blevins and everyone on his team has built a great organization. We hope to build on their success and increase our presence in West North Carolina. We worked closely with Todd and his advisors at Matrix Capital Markets Group, Inc. (“Matrix”) to complete this transaction within 62 days. Majors continues to make acquisitions quickly and without interference with the vendor’s business. We are privileged to build on Peak’s heritage while providing first class service to their customers. “
Matrix provided M&A advisory services to Peak, which included valuation advice, marketing the business through a confidential and structured sales process, and negotiating the transaction.
This acquisition is the second announced acquisition of Majors in 2021. The company previously announced its acquisition of Tri-State Petroleum Corporation. Majors will continue to focus on growth in 2022.
About Majors Management, LLC
Lawrenceville, Georgia-based Majors Management, LLC is an owner, developer and operator of convenience stores and a distributor of high quality, branded fuels. Majors and its subsidiaries supply fuel to more than 1,000 convenience stores. Majors partners with major oil brands such as BP, Shell, Chevron, Exxon, Marathon, Citgo, Mobil, Texaco, Valero, Phillips, Sunoco, 76, and Alon. Its current markets include Alabama, Arkansas, Arizona, Florida, Georgia, Kansas, Louisiana, North Carolina, Mississippi, Ohio, Pennsylvania, Caroline from the south, Tennessee, Texas, Virginia, and West Virginia. Over the past two years, Majors has made twelve acquisitions in eleven states and extended its geography to the mid-Atlantic and Texas while completing its footprint throughout the South East.
For more information, please contact:
Management of Majors, LLC
View original content to download multimedia: https://www.prnewswire.com/news-releases/transaction-announcement-majors-management-announces-purchase-of-haywood-oil-company-incs-dba-peak-energy -convenience-retail-petroleum-and-wholesale-fuels-301448641.html
SOURCE Majors Management, LLC