Atlas Oil Completes Deal for 57 BP Sites

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Atlas Oil Completes Deal for 57 BP Sites

TAYLOR, Mich. -- Atlas Oil Co. completed the previously announced purchase of 57 BP locations in the south Chicago region yesterday, and will soon supply the sites with fuel, the company stated.

The sale, which was announced Oct. 29, 2008, includes a mix of retail locations owned by BP and several dealer-owned sites.

Atlas Oil will manage the sites from its South Bend, Ind. office, where it already manages the supply of more than 129 retail locations. This purchase follows another deal with BP, where Atlas acquired 23 stations in September 2008, according to the company. To read more about Atlas Oil's plans for growth in this market based on previous CSNews Online reports, click here.

"Our acquisition earlier this year in northwest Indiana provided a platform for growth in the Chicago market," Mike Evans, executive vice president of business development at Atlas Oil, said in a statement. "It also demonstrated to BP our ability to use the platform we have built to quickly integrate new businesses into our company."

The sale includes 12 company-operated stores and 40 dealer-owned sites, 16 of which are ampm branded, Evans told CSNews Online when the purchase was announced. Upwards of 20 will feature the ampm brand in the next two to three years as sites are rebranded, he added. The remainder are properties that will be developed in the future.

"With their third acquisition in less than 12 months, Atlas is rapidly becoming one of the largest BP Jobbers in the Midwest," Sean Daley, vice president Midwest sales for BP Products North America, said in a statement.