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AUBURN, Calif. -- Flyers Energy LLC acquired the assets of Allied Washoe Petroleum, a fuel distributor based in Reno, Nev., further advancing its previously-announced aggressive growth strategy.
Allied Washoe's lubricants, delivered fuels and commercial fuel accounts augment Flyers Energy's similar holdings in the region. The move allows Flyers Energy to distribute Shell brand lubricants in the northern Nevada market and gives the company access to the Pacific Pride commercial fueling network for the first time.
"[Allied Washoe CEO] Mike Cox and his team have built a solid, well-respected business in the western Nevada market," said Rick Teske, Flyers' general manager. "We are excited to offer our expanded product and service offerings to the Allied Washoe customers, and are pleased to be adding Mike and most of his employees to the Flyers team."
Flyers Energy extended employment offers to a majority of existing Allied Washoe team members and is still working to fill positions for additional sales people, drivers and office staff.
"The industry is evolving in a direction that makes it increasingly difficult for small, independent marketers like Allied Washoe to be competitive," said Cox. "We felt it was in the best interest of our customers, our employees and our shareholders to align with a company that was better positioned to care for our customers into the future -- and no one is better suited to do that than Flyers.
"They made the process very easy, offered an attractive price and flexible structure, and are providing enhanced career opportunities to most of our employees," Cox continued. "We are thrilled to now be a part of the Flyers team and look forward to enhancing the level of service that we can provide to our many loyal customers."
Privately-owned Flyers Energy is on a campaign to expand its holdings throughout the Western United States and said Reno was a natural next step. The company is actively looking for additional acquisitions throughout California, Oregon, Washington, Idaho, Utah, Nevada and Arizona. Interested parties are encouraged to call the company's M&A advisor DCA Partners at (916) 960-5353.
Flyers Energy franchises the Flyers fuel brand and distributes wholesale and branded retail fuel, commercial lubricants, renewable fuels and solar power in the U.S. The company is the marketer for more than 100 Chevron, Shell, Valero and 76 branded stations, and also offers commercial fueling at 230,000 retail gas stations nationwide with the Flyers Fleet Card.