Atlas Oil purchases Hadi Group assets

June 25, 2013

Atlas Oil Company, a Taylor MI-based petroleum marketer and hauler, has purchased substantially all of the assets of the Hadi Group Distributors Inc, Hadi Petroleum Transporter, Inc, C&H Land Company LLC, Fordson Consumer Center Inc, and A&G Land Company LLC (The Hadi Companies). 

Atlas Oil purchased the assets via a § 363 sale under the United States Bankruptcy Code. The sale includes the purchase of 20 retail gas station sites and up to 50 retail fuel supply contracts that are predominately branded Marathon and Speedy. The sites are located throughout the Metro Detroit (MI) area. 

"Our goal is to help our newest customers rebuild their business and recapture lost volume," said Sam Simon, Atlas Oil chief executive officer and owner. "We understand the struggles they have been through and welcome them to the Atlas family." 

Atlas began supplying the sites immediately. "Atlas Oil has a long history in the retail gas station business and we are pleased that we can use our expertise to help bring these 20 retail sites back to profitability," said Michael Evans, executive vice-president, retail and real estate. "We will work with existing store managers and personnel to ensure that the sites have a plan to improve their operations and restore their viability in the community."