Date
May 2015
Region
California
Generational Capital Markets, Inc., member FINRA/SIPC, (GCM) an advisor to privately-held businesses for mergers & acquisitions, is pleased to announce the acquisition of its client, DeWitt Petroleum, headquartered in South El Monte, California, by SC Fuels, headquartered in Orange, California. The acquisition closed on May 1, 2015.
DeWitt Petroleum (DeWitt) is a fuel distributor providing fleet card, bobtail, onsite, and lubrication products and services throughout Southern California. DeWitt is a multi-generational family-owned business that was founded in 1945. To learn more, visit www.dewittpetroleum.com.
Managing Director Eric Sanderson was the GCM M&A advisor for DeWitt on the transaction. "From the beginning," according to Sanderson, "it was clear that this deal was much more than simple economics for the seller. Our process was guided by finding an acquirer who could provide the greatest opportunistic growth for the many long-term and loyal DeWitt employees, as well as to continue to serve the customer base with the high quality products, services and integrity to which they are accustomed. SC Fuels, a multi-generational family-owned business, as is DeWitt, fit the bill perfectly."
Originally founded in 1930, SC Fuels is one of the oldest and largest petroleum distributors in the United States. Serving more than 11,000 customers annually, ranging from small family-owned businesses to Fortune 500 companies, SC Fuels delivers gasoline, diesel fuel, alternative fuels, and other petroleum products and related services in over 15 Western states at competitive prices. To learn more, visit www.scfuels.com.
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