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HOUSTON -- Atlas Oil Co. is expanding its Texas footprint with the acquisition of the locally based, family-owned Dennis Trigg portfolio of business.
Taylor, Mich.-based Atlas Oil will now service more than 80 fuel customers in the greater Houston area, including traditional delivered-in commercial and retail businesses, as well as rack sales and contracted customers with a current consumption volume of 50 million gallons of fuel per year.
Atlas Oil plans to grow the acquired portfolio significantly over the next one to two years, the company stated in a press release.
"Atlas Oil Co. is driven by personalized client relationships, like the ones Dennis Trigg has built in Houston, so we take our commitment to ensuring a seamless transition for these clients very seriously," said Sam Simon, Atlas Oil's chairman and CEO. "We will leverage our technology and national industry experience to continue to deliver the meaningful and measurable value they receive."
Meanwhile, Trigg will continue to serve as a consultant for Atlas Oil, and his daughter, Terry Moyers, will join the company as a senior account manager and continue to maintain the relationships her family has built in the industry for more than 50 years.
"As I prepared to semi-retire and reflected on my career, the most important thing for me to address was that my loyal customers would be well taken care of and positioned for the future," stated Trigg. "Atlas Oil Co. maintains a substantial supply portfolio, including relationships with all of the suppliers in the market, supply contracts, carrier relationships and inventory -- with this, comes the ability to offer the flexible contracts my customers need. I am confident this new arrangement will benefit us all."
Founded in 1985, Atlas Oil is now licensed to operate in 30 states, with plans to increase that number to 50 by the end of 2014.
In addition to being a fuel supplier and logistics and services provider, Atlas Oil is highly active in real estate, including the purchase and sale of locations, ownership and operations, branding and marketing, consulting, turnaround and third-party management.
"As Atlas Oil continues to expand our reach and progress toward our ambitious growth goals, many relationship-driven acquisitions like this will follow," Simon concluded.