RelaDyne is proud to announce the recent acquisition of the lubricants and commercial fuel divisions of Slidell Oil Company, a distributor of lubricants, fuel and diesel exhaust fluid in Alabama. With the Slidell Oil locations in Montgomery and Demopolis, this acquisition significantly expands RelaDyne’s geographic density and capabilities within Alabama.
Slidell Oil began as a Shell Oil Company jobber in Louisiana in 1948 and has since grown to span Mississippi, Alabama, Florida and Georgia marketing retail fuel programs for Shell, Chevron, Texaco, Valero, and Liberty brands. Now, this top-tier division of Slidell Oil Company is joining the RelaDyne family.
As one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, RelaDyne will be better able to fulfill the needs of its existing Alabama customers as well as provide new products and services to an expanded three-state area with Slidell Oil’s market reach.
“First and foremost, we welcome all the Slidell Oil customers and associates to the RelaDyne family,” says Larry Stoddard, RelaDyne President and CEO. “We feel the Alabama market continues to present abundant growth opportunities for RelaDyne’s wide breadth of products and services as well as expanding opportunities for current and now new RelaDyne associates. We are committed to the Alabama market and community through this, our third acquisition in Alabama.”
“RelaDyne is such a great fit for our people and our customers,” states Brian Baker, owner and co-CEO of Slidell Oil Company. “We intentionally partnered with RelaDyne because of their reputation, and we knew they would take great care of our associates and our customers. RelaDyne will provide our associates with expanded opportunities and our customers with new products and services we could not previously provide with our resources.” Brian and Keith Baker are third-generation family owners and are honored to have the lubricants and commercial fuel portion of their family legacy join the rest of the family-owned companies within RelaDyne. This acquisition will have no impact on Slidell Oil’s retail and wholesale fuel operations.
RelaDyne continues to be the “Acquirer of Choice” in the lubricants, fuel and reliability segments. “The purchase of the Lubricants and Commercial Fuel Divisions of Slidell Oil Company represents our seventh acquisition of 2016,” says Jeff Hart who leads RelaDyne’s M&A activities and is the company’s CSO. “We are continually looking to acquire leading businesses with great people and great customers; Slidell Oil is yet another great example of that. Our M&A team at RelaDyne is focused on adding new geography, new capabilities and more density within our current footprint as we continue to create a national distribution platform.”
RelaDyne announces it has acquired Cardwell Distributing (“Cardwell”) of Utah. Cardwell is a distributor of lubricants, fuels and diesel exhaust fluid (DEF) proudly serving the western United States since 1964. With locations spanning Colorado, Idaho, Nevada, Utah, and Wyoming, Cardwell provides products and services to over 3,000 customers in the region.
The acquisition of Cardwell represents RelaDyne’s first expansion west of the Rocky Mountains, and RelaDyne leadership is fully committed to supporting the Cardwell management team with industry expertise and resources to continue Cardwell’s expansion into greater geographies and markets. “Cardwell is a significant geographic expansion into the Western US for RelaDyne,” states Larry Stoddard, RelaDyne’s President and CEO. “Cardwell has a long history, a great team and a strong culture, which are all positive attributes as we expand our geography. We welcome the entire Cardwell team to the RelaDyne family of companies and are truly excited to partner with this talented group to significantly grow the business both organically and through acquisitions.”
Bill Rawson, Cardwell Distributing CEO, will continue his leadership over RelaDyne’s Cardwell locations and ensure a smooth transition for both employees and customers. “RelaDyne is a great fit for our customers, our employees, our vendors, our community and our desire to grow our business into the future,” states Rawson. “With RelaDyne as our new partner, we will have the resources needed to allow our great team of employees to continue to grow our business, our service offering and our geographic footprint. It is clear that the history and heritage of Cardwell, our values and the culture we have built over generations perfectly aligns with those of RelaDyne. Our team is extremely excited about the partnership and the opportunities that lie ahead.”
“RelaDyne continues to be theAcquirer of Choiceas we build a national distribution platform for lubricants, fuel, DEF and reliability services,” says Jeff Hart, RelaDyne’s CSO leading the companies M&A activities. “We always strive to acquire leading businesses with great people and great customers, and Cardwell is an excellent example of a perfect fit. This acquisition provides a strong framework for us to expand our platform of products and services to an entirely new customer base plus opens a gateway for further acquisition opportunities to enhance our density in the region.”
Cardwell represents RelaDyne’s sixth acquisition of 2016 and the first in partnership with Audax Private Equity.
RelaDyne is excited to announce it has officially closed its transaction with Audax Private Equity (“Audax”), a private equity firm focused on building leading middle market companies. The transaction closed on July 22, 2016. Based in Boston, Massachusetts, Audax partners with management teams to transform established market leading companies into appreciably larger, better-positioned, and more valuable enterprises.
RelaDyne, with this new partnership, will be focused on aggressively growing through acquisitions and organically. RelaDyne will continue to be focused on growth in the Lubricant, Reliability Services, and Fuel businesses in alignment with its strategic vendors. The entire leadership and management team will remain with the organization through this change of ownership and will continue to invest in high quality associates through future acquisitions and new hires.
“RelaDyne and its team of 750+ associates are excited to partner with Audax,” states Larry Stoddard, President and CEO of RelaDyne. “We are very appreciative of the investment AEA Investors made into our infrastructure and growth that has allowed us to get to this point.”
RelaDyne was formed in 2010 by the combination of four industry-leading oil distributors and the financial backing of AEA Investors LP, a leading global private investment firm focused on private equity and debt investments in the middle market. Since its formation, RelaDyne has completed over 20 acquisitions and has grown to over 40 locations servicing customers in 45 states and 22 nations.
“We are proud of the business we have built over the last 6 years, but we are just getting started…,” says Jeff Hart, who leads RelaDyne’s M&A activities and is one of its founders. “With this new partnership with Audax, we’ll be able to significantly increase our M&A activities to continue our mission to become a national platform for the distribution of lubricants, fuel and reliability services.”
About Audax Private Equity
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested over $3.5 billion in 98 platform and 494 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax Group has over $10 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website www.audaxgroup.com.
About AEA Investors LP
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA’s active individual investors (the “Participants”) include an extraordinary network of more than 75 of the world’s leading industrial families, business executives and former government leaders. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $10.0 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer / retail and services.
RelaDyne is proud to announce the recent acquisition of the lubricants division of Hollingsworth Oil Company (“HOCL”), a distributor of premium lubricants in Tennessee and Alabama. With HOCL locations in Nashville and Birmingham, this acquisition significantly expands RelaDyne’s geographic density and capabilities within Tennessee and Alabama.
Hollingsworth Oil Company purchased its Lubricants Division in 2007. In the past decade, the company has grown to become one of the region’s top distributors of quality lubricants due to its exceptional associates, customers, and high value of service. Now, this top-tier company is joining the RelaDyne family.
As one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, RelaDyne will be better able to fulfill the needs of its existing Tennessee and Alabama customers as well as provide new products and services to an expanded five-state area with HOCL’s market reach.
“First and foremost, we welcome all the Hollingsworth customers and associates into the RelaDyne family,” says Larry Stoddard, RelaDyne President and CEO. “We feel with high confidence that the greater Nashville and Birmingham marketplace presents an abundant growth opportunity for RelaDyne’s wide breadth of products and services. We are excited and committed to that community through this, our second acquisition in Tennessee and Alabama.” In November 2015, RelaDyne acquired Mid-State Industrial Services of Nashville, thus securing its place in the Mid-South region.
“RelaDyne is such a great fit for our people and our customers,” states Ronnie Hollingsworth, owner and President of Hollingsworth Oil Company (the parent company of Hollingsworth Lubricants). “Because of RelaDyne, we’ll be able to provide our associates with expanded opportunities, and our customers with new products and services we could not previously provide with our resources.” Ronnie, a first-generation family owner, is honored to have the lubricants portion of his family legacy join the rest of the family-owned companies within RelaDyne.
RelaDyne continues to be the “Acquirer of Choice” in the lubricants, fuel and reliability segments. “The Lubricants Division of Hollingsworth Oil Company represents our fifth acquisition of 2016,” says Jeff Hart, who leads RelaDyne’s M&A activities. “We are continually looking to acquire leading businesses with great people and great customers; HOCL is a fine example of that in the lubricant distribution segment. Our M&A team at RelaDyne is focused on adding new geography, new capabilities and more density within our current footprint as we continue to create a national distribution platform.”
RelaDyne announced its acquisition of U.S. Refueling, a mid-Atlantic supplier of diesel fuels, propane, and diesel exhaust fluid (DEF).
Located in Philadelphia, Pennsylvania, U.S. Refueling is a single-source supplier of diesel fuel and commercial propane refueling services ranging from generator fueling, emergency fueling, and other commercial fueling services. As part of RelaDyne, U.S. Refueling will expand RelaDyne’s existing Reliability Services – RediFuel services, which emphasize value-added specialty fuel distribution, and will increase RelaDyne’s geographic coverage area to include Philadelphia, its suburbs, and the surrounding mid-Atlantic region.
“We elected to join forces with RelaDyne because they share our commitment to continue building our business and earning the business of our customers every day,” states Barry Gosin, owner of U.S. Refueling. “RelaDyne can provide us with the resources to continue our rapid growth.” Barry will continue to manage the U.S. Refueling division as it joins the RelaDyne family of companies, focusing primarily on business development and coordination of commercial fueling growth with the newly acquired Automotive Service, Inc. located in the Pennsylvania market as well.
For RelaDyne, the acquisition of U.S. Refueling creates opportunities for commercial fuel expansion within RelaDyne’s current Northeast business and development of its lubricant sales within the existing U.S. Refueling customer base. “U.S. Refueling is a perfect fit to our Reliability Services division of fueling services known as RediFuel,” states Larry Stoddard, RelaDyne President and CEO. “We look forward to working together to provide enhanced logistics as well as additional products and services for all our customers and professional growth opportunities for our associates.”
Jeff Hart, Executive Vice President of Business Development for RelaDyne, commented on the acquisition, “As the fourth acquisition of 2016, U.S. Refueling allows us to efficiently expand our fueling services business into the East Coast and provide additional services to our existing RelaDyne customers in those areas as well as provide lubricants to U.S. Refueling customers in the near future.”
U.S. Refueling customers can continue to expect the same level of exceptional customer service from U.S. Refueling, along with additional products and services available soon from the RelaDyne acquisition.
May 3, 2016, Cincinnati, Ohio – RelaDyne, one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, will be showcasing its Varnish Mitigation services at the upcoming MRO Expo on June 7-9, 2016, in Rosemont, Illinois.
Varnish is the buildup of oil degradation products that coat the critical components of lubricating and hydraulic oil systems. Due to changes in base oil chemistry in today’s innovative lubricants, varnish has become a major issue throughout the industrial world. Many times, since varnish is not typically detectible through traditional oil analysis procedures, lubricating oil varnish problems go unnoticed until failures occur. Operators will see problems including sticking valves, increased bearing temperatures, O-ring and seal failures, reduced machine production and output quality, and rapid filter plugging, to name a few.
To combat the varnish epidemic, RelaDyne has developed a patent-pending oil processing solution to remove harmful varnish from oil and lubrication systems without requiring equipment downtime. This turnkey RelaDyne process, known as Varnish Mitigation, is part of RelaDyne’s Reliability Services division – helping customers achieve lubrication reliability through customized solutions. With RelaDyne’s proven Varnish Mitigation technology, customers have seen increased reliability, reduced servo valve and component failures, and increased pump and bearing life, all without negative impact to production. Many customers have experienced substantially improved machine performance in a little as eight hours after the start of the process.
“We’ve seen game-changing results from Varnish Mitigation technology in an industry that has struggled with varnish for decades,” states Doug Muennich, RelaDyne Business Development Manager of Varnish Mitigation. “With the implementation of this process, we’ve seen the resurrection of machines that were headed for the scrap yard.”
With proven data and customer testimonials from some of the largest US injection molding companies, RelaDyne is showcasing Varnish Mitigation (Booth 230) at this year’s upcoming Maintenance, Repair, and Operations Expo. MRO Expo is an annual exposition featuring the necessary maintenance, repair, and operating equipment, services, and supplies a plastics manufacturer needs to keep a shop floor operating efficiently. Produced by the same team that brings you NPE: The International Plastics Showcase, MRO Expo will provide a one-stop location for plastics manufacturers to research, specify, assess and price annual MRO equipment, supply, and services.
“We are excited to bring this technology to the people who need it most,” says Larry Stoddard, RelaDyne CEO. “We know varnish is a daily battle, and we’re here to make the fight easier for our customers.”
Join RelaDyne at Booth 230 at MRO Expo by registering for your free guest pass here.
March 31, 2016, Cincinnati, Ohio – RelaDyne, one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, will be exhibiting its latest Varnish Mitigation services at the upcoming Reliable Plant Conference & Exhibition. With more than 150,000 square feet of exhibit hall space and 75+ learning sessions and workshops, the Reliable Plant Conference covers every facet of industrial lubrication, oil analysis and reliability in one three-day event, held this year April 5-7 in Louisville, Kentucky.
Doug Muennich, RelaDyne Varnish Mitigation specialist, will be presenting an informative session on “The Real Reasons Why Hydraulic Fluids Fail.” With 30 years of experience as a lubrication engineer focusing on oil degradation and varnish mitigation, Doug has been instrumental in introducing varnish mitigation technology into the gas turbine and power generation markets worldwide. During his extensive lubrication career, Doug spent 5 years studying the products of oil oxidation and the formation of varnish with Dr. Akira Sasaki of Kleentek Japan. Doug has been recognized as a Certified Lubrication Specialist (CLS) through the Society of Tribologists and Lubrication Engineers (STLE) for the last 10 years.
Doug’s presentation on April 7 will explore the various mechanisms causing hydraulic fluid degradation and the most effective methods for detecting and avoiding premature fluid failure. “Hydraulic oils are subjected to increased stresses in today’s modern systems,” says Muennich. “Many of these problems can be addressed through proper oil analysis techniques.”
At Booth 221, RelaDyne will be exhibiting the company’s latest reliability solutions, including its patent-pending varnish removal process, known as Varnish Mitigation, which removes harmful system varnish from lubrication systems. The process addresses varnish as a holistic approach to remove lubricating oil varnish and system varnish without interrupting customer production, bringing long-term varnish solutions to RelaDyne customers.
“We look forward to showcasing our varnish mitigation solutions and sharing our knowledge with Reliable Plant attendees,” says Dan Oehler, RelaDyne Vice President of Sales and Marketing. “We know many industrial companies battle varnish daily, and we are excited for the opportunity to discuss our solutions with them.”
Join RelaDyne and Turbo Filtration, LLC at Reliable Plant 2016.
January 7, 2016, Cincinnati, Ohio – RelaDyne, one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, begins its sixth year as an integrated business by acquiring Parker Oil Co., Inc., a family-owned lubricant distributor headquartered in Wichita, Kansas.
For more than 75 years, Parker Oil has serviced automotive and commercial companies with quality lubricants, chemicals, and automotive products, building strong business to business relationships with its customers. As part of RelaDyne, Parker Oil will strategically expand RelaDyne’s geographic reach into northern Oklahoma, Kansas, and Missouri.
Parker Oil customers can continue to expect the same level of exceptional customer service and will soon have additional avenues of interaction with Parker Oil, including access to RelaDyne Express, RelaDyne’s online ordering and account management platform. Customers will be able to place orders and access invoice data anytime, anywhere.
Jim Selenke will continue as General Manager of the RelaDyne-Parker Oil locations. “Parker Oil is very excited to become part of the RelaDyne family,” states Selenke. “We look forward to the opportunity to continue to provide our customers with the same level of products and services they have come to expect from us for more than 50 years. With this change, we are excited to be able to offer our loyal customers a more expanded line of products and services, which will be afforded to us as part of the RelaDyne team.”
Jeff Hart, Executive Vice President of Business Development for RelaDyne, commented on the acquisition, “This acquisition is the result of our team’s continuous execution of our acquisition strategy. RelaDyne continues to be the partner of choice for many companies in the fuel, lubricant, and services business. This transaction is the first of many for 2016 as we continue to create a national platform.”
“The Parker acquisition is a great way to start the New Year,” states Larry Stoddard, President and CEO of RelaDyne. “We welcome their customers and associates and cannot wait to introduce our products and services to new markets.”
December 17, 2015, Cincinnati, Ohio – RelaDyne, one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, announced this week that it has acquired Automotive Service, Inc. / Central Penn Oil (“ASI”), a family owned and operated fuels and lubricants distributor since 1934.
For more than 80 years, ASI has been servicing a broad range of automotive, fleet, and industrial customers with lubricants, fuels, ancillary products, and lubrication equipment in the eastern and central Pennsylvania and southern tier New York markets from three strategic locations. The company prides itself on being large enough to provide competitive products while small enough to offer superior service to its customer base.
As part of RelaDyne, ASI will strategically expand RelaDyne’s geographic footprint further into Eastern Pennsylvania and upstate New York, providing additional avenues for lubricant and fuel sales as well as expansion of industrial reliability solutions through RelaDyne Reliability Services.
ASI customers can continue to expect the same level of customer service and will soon have additional avenues of interaction with ASI, including access to RelaDyne Express, RelaDyne’s e-commerce platform, where they’ll be able to order online and view account information such as orders and invoice histories anytime, anywhere.
John Palmer, third generation owner of ASI, will continue with RelaDyne as General Manager of the newly formed branch. Additional ASI team members will stay with RelaDyne as well to ensure continuity for customers and suppliers. “We are extremely excited to join RelaDyne and be given the ability to expand our product and service offerings to customers in order to better serve them,” says Palmer.
“The acquisition of ASI brings RelaDyne into new territories, allowing us to expand our service area and enhance our product availability in other markets,” notes Larry Stoddard, Chief Executive Officer for RelaDyne. “We welcome ASI customers and associates and look forward to providing them with additional offerings and opportunities for service.”
Automotive Service, Inc. is RelaDyne’s sixth acquisition of 2015.
November 12, 2015, Cincinnati, Ohio – RelaDyne, one of the nation’s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services announced this week that it has acquired Mid-State Industrial Supply Inc. and J.B. Weimar, Inc. (“MSIS”), RelaDyne’s fifth acquisition of 2015. MSIS is strategically located in Nashville, Tennessee, offering extended strength and continuous product supply between RelaDyne’s existing Northern and Southern markets.
Mid-State Industrial has a strong and longstanding reputation in the Tennessee market, with Jim and Anita Weimar having owned and operated the business for over 39 years. The company services a wide range of automotive, commercial, and some industrial businesses along with auxiliary products including equipment services, chemicals, and commercial and retail fuels.
As a part of RelaDyne, MSIS will be able to offer customers the full line of RelaDyne products and services, including an expanded line of industrial reliability services and automotive products backed by profit-enhancing programs built for customers. MSIS customers will also have access to RelaDyne Express, RelaDyne’s e-commerce platform, where they’ll be able to order online and view account information such as orders and invoice histories anytime, anywhere.
Jim Weimar, owner of Mid-State Industrial and J.B. Weimar, Inc., and his team will be staying with RelaDyne to ensure continuity for customers, employees, and suppliers. “We are excited to join the RelaDyne family and look forward to now providing our customers and associates with more opportunities than they ever had before,” states Weimar.
“The acquisition of MSIS helps solidify RelaDyne’s strategic position in the market by connecting the Northern and Southern RelaDyne regions along with expanding our product and services portfolio to these existing and new customers,” notes Larry Stoddard, Chief Executive Officer for RelaDyne. “We welcome all MSIS customers and associates to RelaDyne.”
Jeff Hart, Executive Vice President of Business Development for RelaDyne, commented on the acquisition, “This acquisition is the result of our team’s continuous execution of our acquisition strategy. RelaDyne continues to be the acquirer of choice for many companies in the fuel, lubricant and services business. This deal is our fifth acquisition in 2015, and we anticipate closing more acquisitions this year as we continue to create a national platform.”
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