Empire Petroleum Acquires Eagle Fuels
GAITHERSBURG, Md. -- Empire Petroleum Partners acquired the fuel distribution rights of Eagle Fuels as of Oct. 9. Eagle Fuels is a fuel distributor servicing accounts in the states of Oklahoma, Kansas and Texas.
This addition significantly expands Empire's Southwest regional footprint into Oklahoma and Kansas, while adding the ConocoPhillips brand to its supplier network.
"Empire has additional growth opportunities in the Southwest region that will assist the company in growing its presence in such markets," said Eli Kimel, Empire's president and CEO. "In order to achieve such growth, we are pleased to announce the addition of Marty Rivers, a successful industry veteran and founder of Eagle Fuels, to our Empire team as a territory manager in Oklahoma."
With significant equity capital from its partners, including American Infrastructure MLP Funds, Empire plans to continue its accelerated growth plans. In addition to the Eagle Fuels acquisition, the company recently acquired the assets of American Energy Distribution LP in April and plans to announce several more acquisitions over the coming months.
Headquartered in the Washington, D.C. metro area, Empire is a motor fuels distributor of top brands including Shell, Chevron, Valero, Sunoco, BP, Exxon, CITGO, Mobil, Marathon, Texaco, Gulf and now, ConocoPhillips. Empire currently distributes motor fuel to gas stations in 16 Mid-Atlantic, Southeast, Midwest and Southwest states.