Offen Petroleum, an independent fuel distributor, recently closed on the acquisition of the business assets of Ozark Mountain Energy, a motor fuel distributor, and Petroleum Express, its affiliate trucking company, both based in Mt. Vernon MO.
Offen is a provider of motor fuel, lubricants and petroleum logistics services in Colorado and 15 surrounding states. The business combination expands Offen’s footprint into the mid-continent and Midwestern states. Ozark Mountain will continue to operate from its Mt. Vernon office; and Brent, Eric and Kyle Wilmoth will continue to lead the region under Offen, the company said.
Ozark Mountain Energy, formed in 1991 by the Wilmoth family, is a leading wholesale motor fuel and propane distributor. The company has concentrated its business operations in Missouri, Kansas, Oklahoma and Arkansas but services customers in a total of 13 states. Under the leadership of Brent Wilmoth, Ozark has recorded approximately 700 million gallons of annual motor fuel and propane sales, Offen said. To attain this success, the Ozark team has dedicated itself to providing impeccable customer service and flexible fueling solutions.
“This is yet another transformational addition to Offen and we are excited to welcome the Ozark Mountain Energy employees to the Offen team,” said Bill Gallagher, CEO of Offen Petroleum. “I congratulate Brent on creating such a professional organization. We believe that the cultures at Offen and Ozark Mountain Energy are a perfect fit which will make this merger very successful.
“This transaction affords us the opportunity to strengthen our existing operations while expanding more deeply into new geographies and business lines. Additionally, I am pleased that we will be adding some great young talent by having Eric and Kyle Wilmoth join us. Eric will be joining Offen’s executive leadership team as executive vice president of Ozark Operations, and Kyle will be joining us as strategic account manager.
“We look forward to continuing to grow our business organically while finding best-in-class distributors who wish to join our mission to be the leading fuel, lubricant and propane provider in the United States.”
The companies immediately will become a combined business and continue to operate under the name Ozark Mountain Energy in the mid-continent and Midwestern states, Offen emphasized.
“I am very pleased that Ozark Mountain Energy will continue its growth under a larger platform that will provide greater opportunities for our customers, employees and suppliers,” said Brent Wilmoth, CEO of Ozark Mountain Energy. “Our businesses have organically grown in a similar fashion by always putting the customer’s needs first. I am confident that joining with Offen is a great fit to enhance our company’s growth.
“To further demonstrate my commitment to the future of our combined companies, I am purchasing a significant equity stake in Offen Petroleum.”
