RelaDyne, one of the nation's leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, has acquired Conservancy Oil Group, a leading regional distributor of lubricants, DEF and related products based in New Mexico. This acquisition extends RelaDyne's geographical footprint into Southwestern United States.
Founded in 1936, Conservancy Oil Group is the premier supplier of lubricants, coolants, DEF and chemicals in the Southwest. With four locations spanning New Mexico and Colorado, Conservancy Oil serves the automotive, commercial, and industrial markets.
According to its website, Conservancy Oil supplies the following lubricants: Castrol, Citgo/Mystik, Pennzoil, Quaker State, Service Pro and Shell.
"Our partnership with RelaDyne marks a new, and exciting era for Conservancy Oil," said John Mayer, CEO of Conservancy Oil Group. "We are thrilled to partner with such a well-established company whose culture and values align so well with the foundation of Conservancy Oil. The infrastructure and capital that RelaDyne has to offer our team and our valued customers will greatly enhance the product offering and levels of service we can provide. We feel fortunate to be part of a company that is changing the landscape of lubricant distribution. Our combined strengths in the New Mexico and Colorado markets will allow us to accelerate our growth plans while providing more opportunities for our wonderful team and loyal customers."
"The closing of the Conservancy Oil Group acquisition is the result of our substantial efforts to grow our existing footprint to include Southwest United States," stated Larry Stoddard, RelaDyne President and CEO. "With the existing capabilities of Conservancy Oil Group and the resources RelaDyne can provide, I am very confident in the future. We welcome the Conservancy Oil team to RelaDyne!"
"The acquisition of Conservancy Oil Group is the first of many in 2018 for RelaDyne," said RelaDyne CSO, Jeff Hart. "We are continually looking to acquire leading businesses with great people and great customers - Conservancy Oil Group and their stellar reputation is truly a perfect example of this. RelaDyne has made significant investments in acquiring great companies and in our ability to integrate and grow these companies once they join RelaDyne. This dedication to integration and growth at RelaDyne has allowed us to accelerate our acquisition pace as we continue to create a national distribution platform."
Conservancy Oil Group is a multi-branded lubricant distributor serving customers across New Mexico, Colorado, and southern Utah. With a portfolio of products to serve the automotive, commercial, and industrial markets, Conservancy is a well-established marketer in the Southwest region.
RelaDyne, headquartered in Cincinnati, Ohio, is one of the nation's leading providers of lubricants, fuels, diesel exhaust fluid (DEF), and reliability services for industrial, commercial, and automotive businesses in the United States. According to its website, RelaDyne delivers more than 30 million gallons of lubricants, 5+ million gallons of DEF, and 175+ million gallons of fuel annually.
RelaDyne was formed in 2010 by the combination of four well-established industry-leading companies and has since grown to more than 60 locations by strategically acquiring other industry leaders in the lubricant, fuel distribution, and industrial service segments. On November 4, 2010 these four businesses, namely: Mid-Town Petroleum, Inc. (Bridgeview, Illinois); Oil Distributing Company (Cincinnati, Ohio); The Hurt Company, Inc. (Houston, Texas), and Pumpelly Oil Company (Sulphur, Louisiana) joined forces to form RelaDyne. The company has continued to expand its footprint with the acquisitions of Derrick Oil & Supply and Craft Oil in Port Arthur, Texas; Hill Oil Company in Farmerville, Louisiana; Newcomb Oil lubricant business in Bardstown, Kentucky; and Maxum Petroleum’s Great Lakes lubricant and bobtail business in Chesterton, Indiana (formerly Paulson Oil Company).
