Offen Petroleum recently completed the acquisition of the wholesale division of G&S Oil Products, which is headquartered in Centennial, Colorado, strengthening its ability to distribute branded motor fuel to independent retailers.
The Sussman family owned and operated G&S for more than 50 years. G&S is a full-service wholesale and retail marketer of branded motor fuels under the Conoco, Phillips 66, Sinclair, and Shell brands, as well as a supplier of unbranded fuels, with a footprint covering the greater Front Range of Colorado. In addition to providing wholesale motor fuel services to third-party retailers, G&S has developed a reputation of operational excellence in their own network of gas stations and convenience stores, Offen said.
“We’ve had a long relationship with (Offen CEO) Bill Gallagher, and we knew that if we were going to sell our wholesale business, Offen would be the best partner for not only our wholesale customers, but also for our company-operated stores, who will be a fuel customer of Offen’s,” said Meyer Sussman, founder and president of G&S. “The Offen team has a reputation of providing the highest level of customer care and they have a full breadth of resources that will benefit our customers.”
The acquisition will add 40 new customers that operate gas stations under the Conoco, Phillips, and Sinclair brands, along with five un-branded motor fuel customers, Offen added.
“Meyer and Jeff Sussman, and their team of dedicated, long-term employees, are long-standing, highly respected operators in the motor fuel/convenience retail industry, and I am very honored that the Sussmans are entrusting Offen to carry on their legacy of providing superior service to their customers,” Gallagher said.
“This is a very special opportunity for us to be able to acquire such a high-quality portfolio of customers.”