Campbell Oil acquires Hometowne Energy, Rinker Oil
Campbell Oil recently acquired the New York assets of Sail Energy, and energy distribution company based in Portsmouth, New Hampshire.
Terms of the transaction were not disclosed.
The deal included the Hometowne Energy and Rinker Oil businesses previously acquired by Sail Energy, a private equity-backed company formed in 2014 to pursue growth through organic expansion and strategic pickups. Following this transaction, Sail Energy will continue to focus on its New England operations, serving customers from Connecticut to Maine, the company reported.
“We are extremely pleased with the outcome of this transaction,” Sail Energy CEO Dennis O’Brien said in a news release. “Campbell Oil is an outstanding organization, and we are confident our New York customers will continue to receive the exceptional service they deserve.”
Founded in 1948 and based in Elizabethtown, North Carolina, Campbell Oil is a family-owned business with over 1,200 employees dedicated to providing high-quality propane, fuels, lubricants, wholesale energy services, along with convenience store and fast-food offerings. Built on Christian values and a commitment to personalized customer care, Campbell Oil has earned a reputation for treating team members and customers like family while delivering dependable energy solutions, the company said. Campbell Oil remains focused on its main mission of “leaving people better than it found them,” while serving as a trusted one-stop resource for petroleum service needs.
These latest additions follow the May acquisition of John’s Fuel Service.
“We are thrilled to welcome the Hometowne and Rinker Oil team members and customers to the Campbell Oil family as we begin this exciting new chapter of growth for our company,” said Brian D. Campbell, Campbell Oil president and CEO. “Sail Energy has built strong customer relationships and a reputation for outstanding service, and we look forward to continuing that tradition.
“This acquisition represents an important expansion for our organization, and we are excited about the opportunities ahead.”
