You are here
MILFORD, Ohio -- Lykins Cos. extended further into Northern Kentucky following the purchase of a majority of the assets of Grant Oil Co. and Royce Adams Oil Co. Terms of the deals were not disclosed.
Regarding the Grant Oil purchase, Lykins acquired the bulk plant, commercial/residential and wholesale portion of Grant County Oil and will also assume Grant County Oil's Marathon-branded supply contract. In addition, Lykins will become the supplier and transporter for five Go Fast convenience stores that Grant Oil will still operate.
Jeff Dunaway, owner and operator of Grant County Oil, will join Lykins in a sales, new business development and operations management capacity.
Lykins' second acquisition involves Royce Adams, a bulk plant operator serving home heat, farm and commercial and retail accounts. The company is owned and operated by its namesake, Royce Adams, who also serves as a Kentucky State legislator.
"These recent acquisitions are part of Lykins' expansion in the Northern Kentucky market," said Jeff Lykins, president of Lykins. "We chose to purchase these companies because they are family owned and operated and have built solid reputations over the years as trusted suppliers, friends and supporters of the communities they serve in Grant and surrounding counties. Their business philosophies are the same our company's philosophy. They are committed to offering top quality products at a fair price, outstanding customer service and giving back to the communities where they work and live."
Lykins represents the BP, Marathon, ExxonMobil, Shell and Clark brands. It serves customers in Ohio, Kentucky and Indiana, as well as other Midwestern and Southeastern states.