RelaDyne acquires lubricants and tank wagon fuel businesses from Great Lakes division of Maxum Petroleum

RelaDyne, LLC, a lubricants and fuel distributor providing integrated equipment reliability management products and services for industrial, commercial, transportation and automotive businesses in the U.S., acquired the lubricants and tank wagon fuel businesses from Hartney Fuel Oil Co. and Paulson Oil Company on May 24. Both are part of the Great Lakes division of independent energy logistics company Maxum Petroleum, Inc.
The transaction enables RelaDyne to expand its product offering in the Great Lakes region to include fuel and a completely new line of products and services as well as expand its field reliability management (FRM) services in the commercial and industrial markets of the Great Lakes and Midwest regions.
At the same time, Mansfield Oil acquired the transport and railroad fuel businesses from the Great Lakes divisions of Maxum, Hartney Fuel Oil, and Paulson Oil.
Paul McCusker, vice president and general manager of Maxum Petroleum-Great Lakes, said, “We are excited to join the extensive and successful networks of Mansfield and RelaDyne. These acquisitions will allow us to better serve our customers through a larger product offering and higher levels of service.”
Larry Stoddard, CEO of RelaDyne, said, “The location of Maxum’s Paulson Oil Company in Chesterton, Indiana, gives us a natural expansion to offer new products and services to the Chicago marketplace. All of Paulson’s employees will continue to provide the highest level of customer service, sales support and reliable supply that the customers have come to expect. We couldn’t be more pleased to add Maxum/Paulson to the RelaDyne family of businesses.”
Jim Stout, Great Lakes region general manager, said, “Our Great Lakes operation has been growing rapidly for the past five years and this was a great opportunity to accelerate that growth while adding local transportation and fuel blending assets that will expand our service capabilities.”
(May 27, 2013)