- Buyer's Guide
PetroChoice recently announced that it has acquired Universal Lubricants' new oil business. With the acquisition, PetroChoice will add 15 distribution locations, bringing its total to 45 facilities servicing 31 states.
Under the terms of the transaction, PetroChoice also acquired Universal Lubricants' laboratory and blending facilities. In addition, PetroChoice has established a preferred vendor relationship with Universal Lubricants' refinery and environmental services divisions. Additional terms of the deal were not disclosed.
"Universal Lubricants' new oil business is a natural strategic fit for PetroChoice, as it significantly enhances our resources, expands our geographic reach as far west as Denver and solidifies our position as the largest bulk lubricant distributor in the United States," said Shane O'Kelly, CEO of PetroChoice.
Founded in 1929, Universal Lubricants is a leader in the distribution of high-quality lubricants, including customer-specific blends that perform in extreme environments. The company's proprietary product lines include the signature Universal line for automotive and heavy-duty diesel engines, the Dyna-Plex 21C premium heavy-duty line and the sustainable Eco Ultra line.
Universal Lubricants' new oil business is based in Wichita, Kansas, and employs approximately 215 people across 15 distribution locations.
"PetroChoice is the premier U.S. distributor of lubricants and services, and we are excited to partner with them to provide our customers with access to an unmatched selection of products and solutions and industry-leading customer service," said Rick Palmore, vice president of sales at Universal Lubricants.
Going forward, Universal Lubricants' environmental services companies will operate as RS Used Oil Services Inc. and Midstate Environmental Services.
For more information, visit www.petrochoice.com.