RelaDyne acquires Michigan Petroleum Technologies
Cincinnati, Ohio-based RelaDyne, the largest lubricant distributor in the United States, has announced another acquisition. Michigan Petroleum Technologies is a petroleum distributor with an emphasis on industrial manufacturing, commercial fleet, and construction segments, in the Michigan geographic region.
Based in Port Huron, Michigan, Michigan Petroleum Technologies is a family business which was originally established in the 1930s. To meet the needs of a growing geographic presence, Secory Oil merged with White Oil in 1998, forming what is now Michigan Petroleum Technologies. Together, the combined companies have more than 80 years of petroleum distribution experience.
As Michigan Petroleum Technologies expanded further into the geographic footprint of Southern Michigan, the company has continued to diversify. Its evolution included expanding its current focus in the industrial manufacturing lubricant market, which includes major OEMs, and Tier One and Tier Two suppliers, while simultaneously providing its customers with extensive fuel and lubrication requirements for construction and fleet purposes.
“When searching for a company to do business with, we wanted a company that possessed a strong influence and differentiation in the commercial and industrial marketplace,” said Brad Secory, president of Michigan Petroleum Technologies. “RelaDyne’s heavy-duty and reliability services presence in the nation delivers that, along with a promising future as our two companies merge. Our customers, and our responsiveness to them, have always been our number one priority. We are certain with RelaDyne’s strategic customer service and support team, we will now provide our customers with even more options to choose from, while concurrently attracting new customers toward our business. We are very excited about the future and where this will lead.”
“The acquisition of Michigan Petroleum Technologies is a tremendous opportunity to expand our existing geographic footprint in our North region,” said Larry Stoddard, president and CEO of RelaDyne. “We are excited to welcome the Michigan Petroleum Technologies team to the RelaDyne family! RelaDyne’s commitment towards quality products and services, exceptional customer service, and a sustainable approach towards our environment aligns with MPT’s values and principles, satisfying the existing customer base and appealing to new customers.”
Financial details of the transaction were not disclosed.
