Acquisition Expands Flyers’ Cardlock Network in Ohio
Roseville, CA – Flyers Energy, LLC (“Flyers”) announced this week its acquisition of Fleet Express Commercial Fueling, a division of Mansfield Energy Corp (“Mansfield”). DCA Partners (“DCA”) is proud to have served as Flyers’ M&A advisor on the transaction.
The acquisition expands Flyers’ network of unattended cardlock fueling stations in the Midwest. With over 400 commercial fueling locations across the United States, Flyers’ nationwide growth is the result of active efforts to create a seamless fueling experience for customers. The newly added locations will operate under the Quick Fuel brand.
“The additional sites complement our existing network of Quick Fuel locations in the region, giving our valued guests more choices and added value,” said Kris Kanak, Director of Sales and Marketing for Flyers Energy. The string of locations, in and around Dayton, Ohio, geographically connects to Flyers’ pre-existing markets.
John Milliron, General Manager of the Ohio Valley for Mansfield Energy, is confident that the sale of the cardlock sites to Flyers is the best decision for customers and external partners. “It has been a pleasure and honor to service our customers. As with Mansfield, respect and collaboration in serving customers is of paramount importance to Flyers Energy and Quick Fuel. Their impeccable reputation in the industry assured us that our customers would be well served,” said Milliron.
Flyers intends to continue its growth through the acquisition of additional commercial fueling companies. “Flyers’ mission is to ultimately create a coast-to-coast commercial fueling network,” said Kholt Mulderrig, Vice President at DCA Partners. “With the recent acquisition of Firebird Fuel in the Southwest, and now the purchase of the Fleet Express assets in Ohio, Flyers is well on their way to executing on their national-expansion strategy.”
Parties interested in a confidential conversation about growing their business through acquisition or selling their business are encouraged to contact Curt Rocca at DCA Partners (see contact info below).
About DCA Partners
DCA Partners is a boutique investment banking firm advising middle-market clients throughout the western United States. The DCA team leverages its expertise in a number of regionally important industries, from food and agriculture to distribution and technology, advising clients on both buyside and sellside transaction structures. DCA’s private equity arm (currently investing out of its third fund) provides investment capital for a variety of purposes, including growth capital, acquisition financing, and complete company buyouts.
About Flyers Energy
Flyers Energy’s operations, which span 23 states, comprise businesses and investments including transportation, commercial fueling under the names Flyers and Quick Fuel, distribution of Mobil™ lubricants, supply of wholesale and branded fuel, and generation of renewable fuels and power.
About Mansfield Energy
Since 1957, Mansfield Energy has provided innovative solutions to the nation’s most demanding energy supply and logistics challenges. Mansfield’s portfolio of products and services spans fuels, natural gas, diesel exhaust fluid, data management and price risk management tools. Delivering over three billion gallons of fuel and complementary products annually, Mansfield operates an unmatched network of suppliers, distributors, and vendors across every U.S state and Canadian province.