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NEW ORLEANS — SEI Fuel Services Inc. has grown its business with the acquisition of the dealer fuel supply business of LavigneBaker Petroleum LLC in and around New Orleans.
With this transaction, SEI Fuels has entered the New Orleans market as the largest Shell-branded distributor, supplying approximately 60 branded locations. The deal closed July 16.
SEI Fuels entered the wholesale fuel business in 2012 when it and its parent company, 7-Eleven Inc., acquired the assets of TETCO Inc. and its affiliates, which ran a Texas-based fuel distribution and convenience retailing business.
Since then, SEI Fuels has purchased four other wholesale businesses and now sells more than 600 million gallons of fuel annually to open dealers.
Dallas-based 7-Eleven operates, franchises or licenses nearly 10,500 7-Eleven stores in North America.