An Exit and an Entrance Rogers Petroleum makes acquisition to expand into new market

03.18.2016
Petroleum Makes a Strategic Acquisition in SW Florida.Arcadia, Florida (March 16, 2016). Rogers Petroleum, Inc. of Morristown, Tennessee has successfully concluded an acquisition of the western division of BV Oil Company, Inc. of Doral, Florida. The deal included an established commercial fuels and lubricants business; two commercial bulk plant facilities located in Arcadia and Wauchula, Florida; a card lock facility in Arcadia, and related equipment. “This acquisition provided us with a unique opportunity to strategically expand our commercial fuels business beyond our tradition areas of operation. We look forward to growing the business throughout the Southeast and delivering our high level of service and valued fueling programs that have helped to successfully shape our business over the years,” said Chris Liposky, CEO of Rogers Petroleum.BV Oil Company will continue to offer commercial fuel and lubricants distribution to customers throughout Southeast Florida from its bulk plant facility located off the Palmetto Expressway in Doral, a suburb of Miami. “After developing our strategic plan and assessing our core competencies, it was decided that the divestiture of our western division would better position BV for long term business success. Rogers desire to enter the Florida market aligned marvelously with our exit plan,” stated Alex Varas, chairman and president of BV Oil.PetroActive Real Estate Services, LLC provided confidential advisory services to BV Oil Company. The transaction was managed by Mark Radosevich, the company’s president. “Of the many deals that my firm has coordinated over the past years, this transaction is unique in that we were able to match a growth strategy with an exit strategy to deliver a true synergistic outcome for both companies. Navigating the complexities unique to commercial deals are not easy and success is sometimes elusive compared to convenience store transactions. It’s always satisfying when the planets align and two fine companies are able to walk away from the table enjoying a win-win result,” said Radosevich. About Rogers Petroleum, Inc.Founded in 1980, the company has grown into a leading wholesale distributor of petroleum products throughout the Southeast including Tennessee, Kentucky, Georgia, North and South Carolina, Virginia, West Virginia, and now Florida. Rogers Petroleum distributes a full range of petroleum and related products, including biofuels and DEF. Services offered include wet-hose fleet fueling, tankwagon and transport deliveries, common carrier freight, and branded and unbranded supply to retail outlets. Industry segments served include retail convenience outlets, municipal and government, industrial, commercial, and off highway construction. Rogers Petroleum is a branded distributor of ExxonMobil, Marathon, and Citgo fuels. The company is actively seeking acquisition opportunities in areas that are geographically compatible and have business models that complement its core competencies. Visit www.rogerspetro.com for more information. About BV Oil Company, Inc.Mr. Cosme Varas founded BV Oil Company in 1983 and since then, along with his sons and faithful employees have established the company as one of the leading commercial fuels and lubricants wholesalers in South Florida and exports products to fifteen countries. In addition to commercial fuels distribution, the company is one of the premier suppliers of a full slate of Amalie and Cam2 lubricants. Operating under the overriding theme that “Service is Our Priority,” BV Oil Company is looking forward to continued growth in the markets that it operates. More information can be found at www.bvoil.com.About PetroActive Real Estate Services, LLCPetroActive Services is a recognized leader in confidential strategic business services offered exclusively to the wholesale petroleum industry. Services include: mergers & acquisition representation, growth financing, business analysis, and strategic planning assistance. With proven expertise and success, the company provides clients with close, one-on-one representation and support. Company president, Mark Radosevich possesses over thirty six years of diverse downstream petroleum business experience and is personally involved with all assignments. Visit www.petroactive.net for more information.