Littlefield Companies is returning to its roots.
The company recently sold its 25-store retail portfolio to focus entirely on its core petroleum hauling, wholesale distribution, and logistics operations. The divestiture of the Littlefield Express network, which spanned convenience stores and highway travel centers in Arkansas and Oklahoma, was completed through a sale to Green Trail Fuel, a joint venture between HF Sinclair and UPOP Holdings.
“Selling the stores we built was not a decision we made lightly,” Aaron Littlefield, president of Littlefield Companies, said in a news release. “DEG [Downstream Energy Group] took the time to understand our business, executed a disciplined, competitive sale process that attracted highly qualified buyers, and guided us through every step.”
With the retail arm now divested, the family enterprise is doubling down on the heavy-duty operational foundation it built over the last 80 years. Moving forward, the company will dedicate its resources to specialized energy operations: petroleum hauling through Generations Transport, wholesale fuel distribution via Littlefield Oil Company, and propane distribution through Littlefield Propane.
Founded originally as a bay station in Booneville, Arkansas, in 1946, the company launched its Littlefield Express retail division in 2014 before ultimately deciding to monetize the platform’s value. DEG served as the sell-side advisor for the transaction, managing the valuation and execution of agreements.
“The Littlefield family has built an exceptional business and reputation over eight decades, which was reflected in the strong interest we received throughout the sale process,” said Jeff Traub, DEG partner. “Green Trail is an excellent strategic fit for the portfolio, and this transaction allows the family to realize the value they’ve created while continuing to grow their wholesale, transportation, and propane businesses.”
To cement the company’s renewed direction in the tank truck and fuel logistics space, Littlefield reiterated the family’s commitment to the commercial transport sector.
“We are proud to hand these stores to Green Trail and look forward to focusing on our wholesale, transport, and propane operations,” Littlefield concluded.
