Dive Brief:
- Convenience and fuel retailer Majors Management LLC has sold the commercial fuels business it acquired last November to Gaubert Oil Co. for an undisclosed amount, according to a recent announcement.
- The deal also includes a bulk plant facility in Nacogdoches, Texas, as well as other related assets, according to the announcement. Majors inherited the fuel business alongside its purchase of 10 Chevron-branded c-stores from Morgan Oil Co. six months ago.
- On the wholesale side, Lawrenceville, Georgia-based Majors still supplies gasoline to retailers in 15 U.S. states under more than a dozen fuel brands, including BP, Shell, Chevron, Exxon, Marathon and Phillips.
Dive Insight:
Thibodaux, Louisiana-based Gaubert Oil is a multi-bulk-plant commercial fuels distributor that serves markets throughout Louisiana and East Texas and provides storage, handling and on-site lubrication services. The company also operates 18 Go Bears convenience stores in Louisiana.
Majors’ commercial fuels business complemented Gaubet’s current operating area, and the latest acquisition will allow Gaubet to expand throughout Texas, Grady Gaubert, president of Gaubert Oil, said in the announcement.
“We look forward to integrating this business into our system and tangibly demonstrating to our new customers the quality service that has helped set us apart over the years,” he said.
For Majors, selling its recently acquired commercial fuels business will let the company focus on the retail side of the deal it made with Morgan Oil Co., President Ben Smith said in the announcement. Majors has acquired over 350 c-stores in the U.S. since November 2022, including most of MAPCO’s assets last month.
“When making an acquisition, optimally divesting non-core components such as commercial fuels and lubricants is part of our established business rationalization process,” Smith said. “This business fell into that category.”
