The McPherson Companies, Inc. Acquires Certain Assets of Retif Oil & Fuel, LLC and B&M Oil Company17 Sep 2018, Posted by News in
Birmingham, Ala – September 17, 2018 – The McPherson Companies, Inc. (McPherson) has acquired certain assets of Retif Oil & Fuel, LLC and B&M Oil Company, extending their distribution of ExxonMobil products in parts of Louisiana, Arkansas, Southern Alabama and the panhandle of Florida. The McPherson Companies are an ExxonMobil Circle of Excellence award recipient and these acquisitions further advance McPherson’s relationship with ExxonMobil in the Southeastern United States. In addition to the lubricants business, McPherson also purchased certain commercial fuel business in Arkansas.
The acquisition will increase McPherson’s lubricants volume by 40% and their commercial fuel volume by 15%. With the acquisition, the Company will have 210 employees and 10 warehouse locations in the Southeastern US.
McPherson, a second-generation family owned business, is the Southeast’s largest provider of lubricants, commercial fuel, diesel exhaust fluid, retail fuel and industrial services. The Company was founded by Charles McPherson in Oneonta, Alabama in 1971, and is now headquartered in Trussville, Alabama.
Ken McPherson, the second-generation owner, serving as President and CEO, is continuing the legacy of the family owned business while incorporating new advancements with automation and technology. Ken said “Our industry is rapidly changing and requires distributors to react quickly. This acquisition will enable McPherson to continue to expand our footprint and add profitable gallons, which is a priority for us. We are in it for the long haul and could not be more excited to add these new employees and locations to our family business.”