Offen Petroleum recently agreed to acquire the business assets of Allied Energy, an Arizona-based fuel distributor. Going forward, the business will operate as Offen Petroleum.
At press time, the transaction was expected to be completed by June.
Operated by Gabe McLure, Allied Energy is an independent fuel distributor that operates in Arizona and Nevada. In recent years, Allied has focused its growth by marketing unbranded fuel to distributors and convenience retailers. In addition to these business relationships, like Offen, Allied markets wholesale gasoline and diesel to national retail chains and commercial customers. Allied was represented by Meridian Associates in the transaction.